A South African woman showed off her pension fund amount and two-pot system in a TikTok video. The clip went viral online, leaving many people with mixed reactions.
In the footage, she flexed the amount, and it gained massive attraction online, gathering loads of views, likes and comments, revealed the amount in her account, which was R223 577,31. The young lady shared that due to the two-pot system coming into effect on September 1st, 2024, she would only be able toThe video caught the attention of many, causing a huge debate among social media users. The clip geared many views, along with thousands of likes and comments.
""The reason for two pots was to help us pay our debt, and after COVID-19, interest rates went up. Some lost their houses. What I want to understand is will 30k make any difference if someone lost a house."planning for his future retirementJohana Tshidibi Mukandila has been a Human Interest Reporter at Briefly News since 2023. She holds a national diploma in journalism from the Cape Peninsula University Of Technology .
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fund members urged to seek financial advice regarding early pension fund withdrawalsNational Treasury has urged fund members to seek financial advice to consider the implications for early pension fund withdrawals.
Read more »
Cyril Ramaphosa signs Pension Funds Amendment Bill into lawPresident Cyril Ramaphosa has assented to the Pension Funds Amendment Bill which amends pension-related legislation.
Read more »
Nedbank warning for pension fund members in South AfricaNedgroup Investments has reiterated common concerns about the upcoming two-pot retirement system.
Read more »
A high court tale of cattle, a cattle manager and his pension fundNeil Hillhouse was a member of the Alexander Forbes Retirement Fund. In November 2021, after having been on dialysis treatment for some time, Hillhouse had a kidney transplant. His version of events is that Pidelta later fabricated a reason to dismiss him following his ill health. However, the court ruled that there was no evidence.
Read more »
Government Employees' Pension Fund: Understanding the two-pot retirement system for GEPF membersSPONSORED CONTENT | Government Employees' Pension Fund: Understanding the two-pot retirement system for GEPF members
Read more »
Expert cautions against withdrawing retirement funds prematurely - SABC NewsThe Pension Fund Amendment Bill enable members of retirement funds to access their savings.
Read more »