Retiring with R1 million less? Major warning to South Africans making two-pot withdrawals

Reported by IOL (site feed) · yesterday 09:00

Image: IOL (site feed)

Repeated withdrawals from the two-pot savings component could significantly reduce retirement income. One projection estimates that an employee earning R30,000 a month could retire with about R1.01 million less after withdrawing the full allocation annually for 30 years

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