Explore how the Two-Pot System is revolutionising retirement planning in South Africa, fostering individual engagement and ...

South Africans are increasingly withdrawing from their retirement savings due to the Two-Pot system, raising concerns about ...

1 The South African Revenue Service (SARS) reported that a total gross lump sum of approximately R43.42 billion has been paid out (two-pot retirement system withdrawals) – as at 31 January 2025.

JOHANNESBURG — The South African Revenue Services confirmed that over two billion people had made two-pot system withdrawals. SARS releases 2-pot system figures SARS published a media release updating ...

The revenue service says more than 1.2 million South Africans applied to utilise their 'savings withdrawal benefit'. The South African Revenue Service has announced that a total gross lump sum of ...

ALSO READ: • Two-pot withdrawals: 'We've seen members getting less than R1k because of SARS IT88s' • Survey indicates two-pot retirement system giving consumers reason to spend big again ...

2-pot retirement system withdrawals hit R21b – SARS The revenue service says more than 1.2 million South Africans applied to utilise their 'savings withdrawal benefit'. October 14, 2024 ...

The South African Revenue Service (Sars) says a total gross lump sum of some R21.4bn has been paid out to taxpayers, who have applied to utilise their Savings Withdrawals Benefit of the two-pot ...

The total gross lump sum paid out in two-pot withdrawals to date is R21.4 billion, the South African Revenue Service (Sars) said on Friday. The amount has increased significantly from the R4 ...

POLOKWANE – By September 11, South African retirement fund members had applied to withdraw R4.1b in total from their savings under the newly introduced two-pot system, according to data from the ...

Old Mutual confirms that customers are now able to submit withdrawal applications via the Old Mutual Channel on WhatsApp. This follows a decision by Old Mutual to move the date earlier than the 23 ...

JOHANNESBURG - Two-pot withdrawals will give South Africa’s economy a major boost. Retirement administrators have been flooded with requests, with Absa saying it was expecting withdrawals to ...