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Treasury Explains the Two-Pot Retirement System
MP3•Maison d'episode
Manage episode 378890525 series 2604421
Contenu fourni par Audioboom and My Money My Lifestyle. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Audioboom and My Money My Lifestyle ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
On 1 March 2024 there will be a radical change affecting everyone who is a member of a retirement fund.
This is known as the Two-Pot Retirement System and applies to any member of an employer pension/provident fund, a retirement annuity or a preservation fund as well as members of the Government Employees Pension Fund.
There have been many questions and complaints about how the new system will work, especially when it comes to withdrawals.
In this podcast Maya speaks to Mr. Basil Maseko a Director of Tax and Financial Sector Policy at National Treasury about the thinking behind the introduction of the new system and why they capped the initial withdrawal at R25 000.
This is known as the Two-Pot Retirement System and applies to any member of an employer pension/provident fund, a retirement annuity or a preservation fund as well as members of the Government Employees Pension Fund.
There have been many questions and complaints about how the new system will work, especially when it comes to withdrawals.
In this podcast Maya speaks to Mr. Basil Maseko a Director of Tax and Financial Sector Policy at National Treasury about the thinking behind the introduction of the new system and why they capped the initial withdrawal at R25 000.
199 episodes
MP3•Maison d'episode
Manage episode 378890525 series 2604421
Contenu fourni par Audioboom and My Money My Lifestyle. Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par Audioboom and My Money My Lifestyle ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.
On 1 March 2024 there will be a radical change affecting everyone who is a member of a retirement fund.
This is known as the Two-Pot Retirement System and applies to any member of an employer pension/provident fund, a retirement annuity or a preservation fund as well as members of the Government Employees Pension Fund.
There have been many questions and complaints about how the new system will work, especially when it comes to withdrawals.
In this podcast Maya speaks to Mr. Basil Maseko a Director of Tax and Financial Sector Policy at National Treasury about the thinking behind the introduction of the new system and why they capped the initial withdrawal at R25 000.
This is known as the Two-Pot Retirement System and applies to any member of an employer pension/provident fund, a retirement annuity or a preservation fund as well as members of the Government Employees Pension Fund.
There have been many questions and complaints about how the new system will work, especially when it comes to withdrawals.
In this podcast Maya speaks to Mr. Basil Maseko a Director of Tax and Financial Sector Policy at National Treasury about the thinking behind the introduction of the new system and why they capped the initial withdrawal at R25 000.
199 episodes
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