JOHANNESBURG - Treasury has pushed the implementation of the two-pot retirement system by a year to March 2024.
It effectively divides your contributions into 2 savings vehicles.
You can withdraw a minimum of R2,000 per year from the one, while the other is only available on retirement.
Cosatu is calling for it to be done by October next year already.
It says its members are desperate for funds as the cost of living escalates.
However, the Association for Savings and Investment South Africa says this will not be feasible.
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