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Yes, dear reader, you guessed it from the headline. Today’s newsletter is another ‘what you need to know about the two-pots retirement system’ explainer. You may as well resign yourself to plenty more of this type of article in your mailbox over the coming months as all and sundry prepare for the solution’s 1 September 2024 implementation date.
President Cyril Ramaphosa has signed the Pension Funds Amendment Bill, amending pension-related legislation to enable the implementation of the recently legislated Two-Pot Retirement System, geared towards bolstering retirement savings.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?