WEBINAR

THIRD SESSION LAUNCHED

Navigating last-minute changes for expats:

A Guide to the Two-Pot Retirement System

Third Session

FULLY BOOKED!

  • Date: 14 November 2024

  • Time: 10:00 SA Time

  • Price: FREE

  • Platform: Zoom

Second Session

FULLY BOOKED

  • Date: 05 October 2024

  • Time: 10:00 SA Time

  • Price: FREE

  • Platform: Zoom

First Session

FULLY BOOKED

  • Date: 24 August 2024

  • Time: 10:00 SA Time

  • Price: FREE

  • Platform: Zoom

After two highly successful webinars, we are delighted to announce the launch of our third Two-Pot Retirement System Webinar!

Proposed amendments to the Income Tax Act concerning the Two-Pot Retirement system, were announced by Treasury on 1 August 2024. Coming just a month before the system was implemented, these changes have introduced additional considerations for those South Africans living abroad.

Expatriates must take note of the amendments which may affect their ability to access their retirement funds.

In a significant reform to South Africa’s retirement savings landscape, the Two-Pot Retirement system was signed into law by the President on 1 June 2024. Under this system, retirement savings are divided, in actual fact, into three (and not two) “pots”:

  • The vested pot, consisting of all accumulated retirement savings as at 31 August 2024;

  • The savings pot, consisting of one third of retirement contributions, post 1 September 2024; and

  • The retirement pot, consisting of two thirds of retirement contributions, post 1 September 2024.

Each pot is regulated by its own set of rules, which must be clearly understood by expatriates. 

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