South Africa's New Two-Pot Retirement System EXPLAINED! Should You Access Your Savings?
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What is the reason for South Africa's new Two-Pot Retirement System? Here I explain why the new system was introduced and what it means for Retirement, Pension, and Provident Fund members in the future. I also analyze when it could make sense to access a portion of your retirement savings to invest in something else. Please note this is not personal investment or tax advice and is purely for educational purposes.
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TIMESTAMPS
00:00 Introduction
00:59 Why the new two-pot system?
02:11 Three pap pots
03:00 New rules
04:53 Tax implications
06:36 How can you be smart?
07:00 Regulation 28
08:31 Comparing two scenarios
11:58 What are the risks
12:30 Long-term thinking
DISCLAIMER:
All content I share is educational in nature and does not constitute financial advice. Any calculations or returns referenced are based on historical figures, future returns are not guaranteed. All information shared is market sensitive and subject to change as markets and economic conditions evolve. Personalised one-on-one advice is available exclusively to my Invest with Confidence Executive students through direct consultation calls. I am authorised to render financial services, including advice, under Wealth Office (Pty) Ltd, FSP 54904. https://www.moneywithcarla.com/terms