Everything Counts | Episode 10: Understanding the Two-Pot Retirement System

--:--
In this episode, we explore the newly implemented two-pot retirement system in South Africa. Our expert guests, Kate Robson (co-head of Investec My Investments), Nicolette Mashile (Financial Bunny), and Siphithi Sibeko (media spokesperson at SARS), unravel the complexities surrounding retirement savings. They discuss the implications of withdrawals, the importance of long-term savings, and unpack the tax considerations.

Whether you’re approaching retirement or just beginning to save, this episode offers crucial insights to empower your financial journey.

Everything Counts is a podcast series dedicated to exploring the ins and outs of personal finance. Hosted by 702's Motheo Khoaripe, each episode brings together financial experts to tackle crucial topics like saving, debt management, investing, and smart financial habits. The goal is to empower listeners with the knowledge and tools they need to achieve financial wellness.

KEY MOMENTS:

00:00 Introduction
01:30 Why was the two-pot retirement system introduced?
03:30 What is the two-pot retirement system?
05:30 What is the conversation around the two-pot retirement system?
08:45 SARS and the two-pot retirement system
10:45 Tax implications of withdrawing from your savings pot
15:30 Hidden fees in withdrawals from your savings pot
18:20 Case study: Nkosi’s story
24:00 Understanding your own personal finance
26:00 Importance of a financial adviser
27:00 Understanding retirement savings
1 Oct 2024 English South Africa Business · Investing

Other recent episodes

Macro Monday Ep 74: Trade policy uncertainty spikes

Trade policy uncertainty remains elevated, with US President Donald Trump responding to a court setback with the doubling of tariffs on steel and aluminium. Chinese trade talks appear to have stalled, while the US may retaliate with a tax on foreign owners of US securities, who come from countries deemed…
2 Jun 7 min

NOW Ep101: A 20-year perspective on global investing

Twenty years on, the managers of the Investec UCITS World Axis Core Fund reflect on what two decades of global investing have taught them and what investors should expect next. From shifting geopolitics to enduring investment truths, this episode of No Ordinary Wednesday with Investec Investment Management’s Head of Multi-Manager…
27 May 27 min

Macro Monday Ep 73: Tariff uncertainty and bond yields cloud the outlook

This week, Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, looks at what’s clouding the US economy outlook including uncertainty about tariffs, weakening consumer sentiment and higher bond yields, partly stemming from a new tax bill that could add billions of dollars to US government debt in the…
26 May 7 min

Everything Counts | Ep 22: Guide to Going Solar in South Africa

Everything Counts is a bi-weekly podcast series that dives into money and financial wellness, hosted by 702’s Motheo Khoaripe. Each episode unpacks practical aspects of personal finance-how to save, spend, invest, and make smart decisions to boost your financial well-being. In this episode, Motheo is joined by De Wet Taljaard…
20 May 28 min