Last month, President Cyril Ramaphosa enacted the Revenue Laws Amendment Bill of 2023, introducing a new ‘two-pot’ system for retirement funds, effective from 1 September 2024, Cape {town} Etc reports. Also read: Visa backlog sees overtime approved for Home Affairs officials This system aims to enhance the accessibility and preservation of retirement savings by dividing contributions into two separate components: … Continue reading South Africa’s new two-pot retirement system: Key changes and tax implications