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Two-pot
Are unclaimed benefit members included in the two-pot system?
No, unclaimed benefit members are not included in the two-pot system.
Read moreAre paid up members included in the two-pot system?
Yes, paid-up members will be included in the two-pot system.
Read moreWhy does the value of my savings pot change?
The value of your savings pot can change daily because it’s invested in the market.
Read moreHow is the savings pot invested?
The savings pot is invested the same way your retirement pot is invested since the main objective is to grow your money until retirement.
Read moreAm I allowed to transfer my savings pot to my retirement pot?
Yes, you can, however, remember that means you no longer have access to the amount transferred to the retirement pot.
Read moreIs my R550k benefit at retirement reduced if I withdraw from my savings pot?
Vested pot withdrawals will reduce the tax-free benefit at retirement, whereas savings pot withdrawals will not.
Read moreWhat will happen when you retire after the two-pot retirement system is implemented?
At retirement, you will have access to the 3 different components. There are different rules for each component.
Read moreCan I access my money in the savings component from 1 September 2024?
Legislation allows you to access your money from your savings pot from 1 September 2024. There are a few things to keep in mind.
Read moreWhy was the two-pot retirement system implemented?
Since only 6% of South Africans can retire comfortably, the two-pot retirement system was created to alleviate financial stress by introducing changes to retirement savings preservation as it provides access to retirement savings when emergencies arise.
Read moreWhat does the two-pot retirement system mean for you?
10% of the investment value on 1 September 2024 will be transferred to a savings component. The amount will be limited to R30,000 and form part of the savings component.
Read moreTwo-pot system brochures
To find out more about the two-pot retirement system, read the 10X brochure
Read moreWhat is the two-pot retirement system?
The two-pot retirement system allows you to access funds allocated in a savings component and a retirement component, referred to as “pots”.
Read moreWill I have to pay any administration fee to access money from the savings pot?
If you withdraw from your savings pot, you will have to pay an administration fee for every withdrawal you make from the savings pot. The administration fee will be R300 (excl. VAT) and will be deducted before applying for tax.
Read moreWho is the two-pot retirement system meant for?
The two-pot retirement system allows you to access funds allocated in a savings component and a retirement component, referred to as “pots”.
Read moreWill age be a factor in accessing my funds?
Yes, if you belonged to a Provident Fund or a Preservation Fund, remained in the same fund, and were 55 or older as of 1 March 2021, you are automatically opted out of the two-pot system.
Read moreHow can we 10X Your Future?
Begin your journey to a secure future with 10X Investments. Explore our range of retirement products designed to help you grow your wealth and achieve financial success.