Two pots: fund members must understand the implications of withdrawals
Money in the savings pot should be withdrawn only as a last resort, for absolute financial emergencies.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreMoney in the savings pot should be withdrawn only as a last resort, for absolute financial emergencies.
National Treasury resolves the conflict between the draft legislation and the explanatory memorandum.