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Podcast: WorldWide Markets with Simon Brown
Episode: Two-pot system is confirmed, here all the details (#548)
Description: Two-pot system is confirmed, here all the details Starts 1 March 2024 All future reg28 and pension contributions will be split into two pots One third savings Two thirds investments You can withdraw the savings component before retirement Tax still payable Existing funds will convert automatically into the new two-pot system Of existing funds R25,000 will be transferred into the savings pot Concerns about everybody taking out their R25,000 and crashing the market are over done. Simon Shares Top ETFs so far in 2023, so +50% returns in just six months. New-vehicle sales in SA +14% for June. But last year...