Bidvest is one of South Africa’s largest employers, with operations spanning financial services, freight, commercial products, and facilities management. If you work for a Bidvest company and your retirement savings are held through a Bidvest-linked pension or provident fund, the…
Liberty is one of South Africa’s major life insurers and retirement fund administrators, with a large footprint in both employer-linked group risk and retirement products. If your pension fund, provident fund, or retirement annuity sits with Liberty, the two-pot retirement…
Alexander Forbes is one of the largest retirement fund administrators in South Africa, managing funds on behalf of hundreds of employers and hundreds of thousands of members. If your employer uses Alexander Forbes to administer your pension or provident fund,…
Resignation is one of the most financially consequential decisions a South African employee can make, and most people do not fully understand what happens to their retirement savings when they hand in their notice. The question “what happens to the…
A savings pot withdrawal gets rejected or delayed for one of a handful of reasons, and most of them are avoidable. The two pot withdrawal requirements are not complicated, but they are precise. Miss one and your payment stalls until…
The first thing most Momentum fund members want to know is not whether they can withdraw from their savings pot. They already know they can. What they want to know is exactly how to withdraw from the Momentum two pot…
Thousands of Old Mutual fund members submitted savings pot withdrawal claims within days of the two-pot system launching on 1 September 2024. Many received less than they expected. Some experienced delays. A few got caught out by FICA documentation that…
This article covers how the Old Mutual two pot system works in practice: the structures, the withdrawal process, the tax treatment, the fees, and the mistakes that trip up members who go in without the full picture. Old Mutual administers…
Most people asking about a Sanlam two-pot system withdrawal are not looking for a general explanation of the legislation. They want to know exactly what to click, what details to have ready, how long they will wait, and how much…
Sanlam processed R2.3 billion in two pot savings withdrawals in the months after the system launched on 1 September 2024. That figure puts it among the top five administrators by rand value in the country, behind only government funds and…