Two-Pot Retirement System | Unpacking economic implications of the two-pot retirement system

We now continue our focus on the Two-Pot Retirement System, which officially kicks off tomorrow. This conversation is in partnership with Sanlam.

The retirement reform essentially aims to balance the need for immediate emergency financial relief, with the importance of long-term savings.

It will help avoid the drastic step of resigning from a job, by allowing workers to access some of their retirement savings when they need it, while still employed.

It ensures that, while some of the savings can be used for emergencies, the rest remains protected for the future.

Johan Prinsloo, Sanlam Corporate Head of Retirement Fund Administration Services, joins us now to help unpack the practical implications of the two-pot system.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.