Pension Plain
THE law of unintended consequences is observed where the actions taken by a person, institution or government lead to results, mostly negative, that were not expected or intended.
By this time, all retirement fund members should be aware of the two goals of the Two-Pot System that will be introduced on September 1, 2024, namely, to limit access to the larger part of retirement savings before the date of retirement to ensure better retirement outcomes and, secondly, to grant partial access to a portion of retirement savings to assist members who are facing financial challenges.
Fund members will in future not have direct or indirect access to their Retirement Pots before the date of retirement.
There is one exception to this
