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New era in SA retirement: Two-Pot system launches September 2024

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Manage episode 423399050 series 2605825
Content provided by BizNews. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BizNews or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Starting September 1, 2024, South Africa's retirement landscape will undergo a dramatic transformation with the introduction of the two-pot retirement system. This groundbreaking reform promises to revolutionize how South Africans access their retirement savings, balancing immediate financial needs with long-term security. With a mix of emergency access and preserved funds, this system aims to empower retirees while ensuring financial stability. The Actuarial Society of South Africa's Natasha Huggett Henchie explains the intricacies and potential impacts of this pivotal change, highlighting the importance of understanding the new rules to make informed decisions about retirement savings.
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949 episodes

Artwork
iconShare
 
Manage episode 423399050 series 2605825
Content provided by BizNews. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BizNews or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Starting September 1, 2024, South Africa's retirement landscape will undergo a dramatic transformation with the introduction of the two-pot retirement system. This groundbreaking reform promises to revolutionize how South Africans access their retirement savings, balancing immediate financial needs with long-term security. With a mix of emergency access and preserved funds, this system aims to empower retirees while ensuring financial stability. The Actuarial Society of South Africa's Natasha Huggett Henchie explains the intricacies and potential impacts of this pivotal change, highlighting the importance of understanding the new rules to make informed decisions about retirement savings.
  continue reading

949 episodes

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