Attending the course and successfully completing the post-assessment, will grant you
2 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
Web Based (Online)
JEANMARI VAN DER SCHYFF
jeanmari@probetatraining.co.za
The two-pot system is meant to support long-term retirement savings while offering flexibility to help fund members in financial distress. Due to the tax consequences, withdrawing from any of the pots should be approached with caution.
Understanding the tax warnings and the long-term effect of withdrawing your retirement funds early.
Understanding the three components (or ‘pots’): the vested, savings, and retirement components.
What regulations allow as a withdrawal per tax year.
What additional conditions do you need to be aware of to be able to withdraw?
The tax consequences if you withdraw funds.
The long-term negative impact of insufficient funds left to make up the shortfall before retirement.
What to use the funds for if you need to withdraw due to cash constraints.
