Post South Africa

Two-pot system demands many changes

personal finance

THE legislative process by which the government’s well-publicised new system of saving for retirement, the two-component or “two-pot” system, becomes law, is happening slowly and not without hiccups, as the system requires amendments to several acts governing taxation and financial services.

The National Treasury appears in a hurry to get at least the most crucial legislation passed by the end of next month, with the implementation date now set for September 1.

The implementation date

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