Investec Investec Focus Radio SA

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

Loading player...
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

Everything Counts: Sports Edition | How Mpumelelo Mhlongo invested his first pay cheque

Most athletes train for medals. Few train for financial longevity. In this episode of Everything Counts: Sports Edition, Paralympic record holder Mpumelelo Mhlongo shares how he approached money with the same discipline he applies to sport − investing his first serious paycheque, supporting his family and building generational wealth that…
10 Mar 30 min

Macro Monday Ep107: What the surge in energy prices means for the world economy

As the conflict in the Gulf continues, energy prices have risen sharply. Chris Holdsworth Chief Investment Strategist, at Investec Wealth & Investment International, examines the impact on global inflation and growth, as well as on President Donald Trump’s popularity ahead of the US midterm elections later this year.
9 Mar 9 min

What Next? | The meaning deficit

What Next? Leadership Conversations for a Better Future examines how leaders can build future-fit economies in a time of accelerating technological and societal change. In this episode we're joined by educator, leadership thinker and author, Sudhanshu Palsule, Gillian Secrett, Director of Leadership and Culture at CISL and community leader and…
6 Mar 32 min

NOW Ep122: A new cycle for private equity

Private equity is shifting gears. As rates turn and investor confidence improves, funds are deploying again, and South Africa is firmly back on the radar. But this isn’t a return to excess, it’s a shift toward smarter leverage, disciplined execution and sharper capital structuring. In the latest episode of No…
3 Mar 19 min

Macro Monday Ep106: What the Strait of Hormuz means for energy prices

What will be the impact of the hostilities in the Middle East on the world economy? Chris Holdsworth Chief Investment Strategist, at Investec Wealth & Investment International, examines the impact on oil prices, in particular, taking into account further disruption at the key Strait of Hormuz.
2 Mar 10 min
All episodes