Two-Pot System FAQ
General guidance about tax, retirement, transfers, retrenchment and emigration.
Frequently Asked Questions
Two-pot legislation and tax guidance can change. Verify important decisions against current Fund and official guidance.
What tax applies if I withdraw from the savings pot?
The withdrawal is added to taxable income and taxed at the member’s applicable marginal rate. A withdrawal may affect the member’s tax bracket or assessment.
What happens to the savings pot at retirement?
A member may take the savings-pot balance in cash at retirement, subject to the retirement lump-sum tax table and applicable legislation.
What happens if I move to another retirement fund?
The components remain part of one retirement-fund account. A transfer normally moves the full account rather than separating individual components.
Can I access savings if I am retrenched?
The vested and available savings components may be accessible subject to the rules and prior withdrawals. Access to the retirement component is restricted until retirement, subject to legislation.
What happens if I emigrate?
Access may be subject to the statutory non-resident period, applicable fund rules and tax treatment. Members should obtain current professional guidance before acting.
Estimate withdrawal tax
Use the official SARS savings-pot calculator.