Ramaphosa assents into law the ‘two-pot’ system bill
On 1 June 2024, President Cyril Ramaphosa assented into law the Revenue Laws Amendment Bill, 2023 that permits members of retirement funds access to their retirement savings. The primary objective of the ‘two-pot’ retirement system is to provide flexibility for fund members to access their retirement savings during financial emergencies without necessitating resignation from employment
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