Two-pot system…

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Re: Two-pot system…

by User avatar derek9 » Mon Jul 22, 2024 12:29 am

So people really want to enter into this fundraising tactic by the government? You withdraw, they tax you and you will be out of pocket in the future 👌🤷🏾‍♂️

Re: Two-pot system…

by User avatar shazz67 » Mon Jul 22, 2024 12:28 am

Yoh it’s taxed 😭😩 , I don’t even know why I’m here because I have no business touching my pension fund

Re: Two-pot system…

by User avatar mzwandile54 » Mon Jul 22, 2024 12:24 am

This is just a useless exercise. People will just be donating money to SARS and come next year you'll be told that you owe SARS x amount of money

Re: Two-pot system…

by User avatar ndlovu90 » Mon Jul 22, 2024 12:19 am

gazi90 wrote: ↑Mon Jul 22, 2024 12:16 am Why not have another option and make it possible for people to settle their mortgage instead. For example, you have a balance of 500k in your mortgage, why not allow employees to approach the bank and make SARS settle that amount? Some people want to settle serious debt.
Great idea but these guys are only doing this to collect more revenue. Also the banks would fight because the settlement amount is much less than the bond payable over many years.

Re: Two-pot system…

by User avatar gazi90 » Mon Jul 22, 2024 12:16 am

Why not have another option and make it possible for people to settle their mortgage instead. For example, you have a balance of 500k in your mortgage, why not allow employees to approach the bank and make SARS settle that amount? Some people want to settle serious debt.

Re: Two-pot system…

by User avatar peter68 » Mon Jul 22, 2024 12:15 am

veronica68 wrote: ↑Mon Jul 22, 2024 12:14 am
pom8 wrote: ↑Mon Jul 22, 2024 12:14 am Basically we be helping sars ka tax collectionsm.. Unnecessary and useless by the useless government
SARS is going to be the biggest benefactor of this two legged pot system
Most definitely...during the budget speech the finance minister said they are looking at making over R5 BILLION rands from the withdrawals

Unfortunately they will reach and even exceed this target!!!

Re: Two-pot system…

by User avatar veronica68 » Mon Jul 22, 2024 12:14 am

pom8 wrote: ↑Mon Jul 22, 2024 12:14 am Basically we be helping sars ka tax collectionsm.. Unnecessary and useless by the useless government
SARS is going to be the biggest benefactor of this two legged pot system

Re: Two-pot system…

by User avatar pom8 » Mon Jul 22, 2024 12:14 am

Basically we be helping sars ka tax collectionsm.. Unnecessary and useless by the useless government

Re: Two-pot system…

by User avatar chichi47 » Mon Jul 22, 2024 12:13 am

I need this for university fees. Daughter can be excluded anytime :broken_heart:

Re: Two-pot system…

by User avatar mthanden789 » Sun Jul 21, 2024 11:53 pm

keith43 wrote: ↑Sun Jul 21, 2024 11:53 pm No one who is waiting to withdraw this money on 1 September will put it to good use just leave it there you'll take it when you resign
Unfortunately when you resign you won't be able to take the whole lump sum, but you will be paid monthly
Go to GEPF and come back to report, that is why people are resigning

Re: Two-pot system…

by User avatar keith43 » Sun Jul 21, 2024 11:53 pm

No one who is waiting to withdraw this money on 1 September will put it to good use just leave it there you'll take it when you resign

Re: Two-pot system…

by User avatar ngezi85 » Sun Jul 21, 2024 11:52 pm

The idea is good but government messed up this idea. They found ways to further frustrate employees. Abantu bazayenzani R22000

Re: Two-pot system…

by User avatar seba89 » Sun Jul 21, 2024 11:52 pm

valentia92 wrote: ↑Sun Jul 21, 2024 11:51 pm Can you withdraw multi times?
You can only withdraw once a year

Re: Two-pot system…

by User avatar valentia92 » Sun Jul 21, 2024 11:51 pm

Can you withdraw multi times?

Re: Two-pot system…

by User avatar julia24 » Sun Jul 21, 2024 11:50 pm

We really don’t need this right now if one can only withdraw an annual max of R30k.

Re: Two-pot system…

by User avatar diane68 » Sun Jul 21, 2024 11:47 pm

The problem is withdrawing 10% and it must still be taxed 😫Aowa give me my money as is 🤦‍♀️

Re: Two-pot system…

by User avatar nox23 » Sun Jul 21, 2024 11:45 pm

Lapho Alexander Forbes uthule ngathi akekho tu🙈🙈 I wonder if pension fund companies do have the funds readily available cos a lot of people I've spoken to at work have alarms set at 00:01 1 September 2024🤭🙈

Two-pot system…

by User avatar seba89 » Sun Jul 21, 2024 11:44 pm

Two-pot system…
Part 1


Part 2


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