DStv Channel 403 Thursday, 26 December 2024

Two-Pot System | Is withdrawing from retirements savings a good idea?

JOHANNESBURG - Is withdrawing a portion of funds from your retirement savings a good idea?

READ: Two-pot system's mixed bag of results

Some have argued that accessing money from the two-pot system will help South Africans bounce back financially, while others say workers will be in a far worse financial position when they retire.

So far, the South African Revenue Service has paid out over R21-billion in two-pot withdrawals.

Development Economist, Phelisa Nkomo and Nedbank Private Wealth senior tax specialist, William Khwela discussed this with eNCA.

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