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Two-Pot retirement savings system comes into effect next week

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Manage episode 436416948 series 2825635
Content provided by SAfm. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SAfm 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.

A new retirement savings system, known as the Two-Pot system, comes into effect in South Africa from the first of September. The system, designed to encourage responsible withdrawals from retirement funds, divides savings into two portions. The South African government says this system will hopefully promote financial sustainability and reduce reliance on state pensions. Sanlam Glacier, a leading financial services provider, has partnered with the government to educate policyholders about the two-pot system. For more on this Elvis Presslin spoke to Khanyi Nzukuma, the CEO of Glacier by Sanlam

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5939 episodes

Artwork
iconShare
 
Manage episode 436416948 series 2825635
Content provided by SAfm. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by SAfm 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.

A new retirement savings system, known as the Two-Pot system, comes into effect in South Africa from the first of September. The system, designed to encourage responsible withdrawals from retirement funds, divides savings into two portions. The South African government says this system will hopefully promote financial sustainability and reduce reliance on state pensions. Sanlam Glacier, a leading financial services provider, has partnered with the government to educate policyholders about the two-pot system. For more on this Elvis Presslin spoke to Khanyi Nzukuma, the CEO of Glacier by Sanlam

  continue reading

5939 episodes

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