Personal finance
Two-pot reform: Resist the urge to access your retirement annuity savings unnecessarilyApril 2024 · 5 min read
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Pieter Koekemoer talks to the ‘cost’ of accessing the new ‘savings pot’ as part of the Two-pot Retirement System, effective September. While a welcome inclusion in the case of an emergency, its long-term impact may significantly diminish one's retirement savings and standard of living later in life.
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It’s understandable that in times of high interest rates, investors are attracted to the ‘safety’ of cash or fixed-rate term deposits, but over the long term, it is equities that will provide the returns that will beat inflation. Watch now to find out why.
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How to maximise your potential returns and reduce costs and taxes over time to secure your retirement, build wealth, and enable your investments to grow tax-free.