Two-pot system…

[seba89]

Two-pot system…
Part 1


Part 2


Part 3

[nox23]

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

[diane68]

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

[julia24]

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

[valentia92]

Can you withdraw multi times?

[seba89]

Can you withdraw multi times?

You can only withdraw once a year

[ngezi85]

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

[keith43]

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

[mthanden789]

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

[chichi47]

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

[pom8]

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

[veronica68]

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

[peter68]

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!!!

[gazi90]

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.

[ndlovu90]

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.

[mzwandile54]

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

[shazz67]

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

[derek9]

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