Two-Pot Pension System | It lays a foundation for further pension reforms: Matthew Parks

Описание к видео Two-Pot Pension System | It lays a foundation for further pension reforms: Matthew Parks

It's one week to go before the so-called two-pot pension retirement system comes into effect on the 1st of September.

Both the Pension Funds Amendment Act and Revenue Law Amendment Act will make provision for pension fund members to access a portion of their funds before retirement.

The legislation creates a savings pot to access a third of the funds while two-thirds will be kept in the second pot for retirement.

As Mercedes Besent reports, COSATU says it has proposed more pension reforms in the next Revenue Laws Amendment Bill.

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

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