Member Newsletter
Quarter 2 • 2025
Dear Member
We provide some useful insights into two-pot system claims since they began in September 2024. This will give you a better understanding of the choices other members are making and may help you make more informed decisions about your own retirement. Remember, withdrawing from your savings pot should be your very last option. Rather let your retirement savings grow.
In this newsletter, we show you how to pay back your two-pot withdrawals. By taking money out now, you lose the benefit of long-term growth. We show the recent performance of the Balanced Growth Portfolio and remind you that over the long term (seven years or more) the Balanced Growth Portfolio has earned an investment return higher than inflation.
Could the USA trade tariffs affect your retirement savings? Our in-depth article explains Trump's thinking and why he believes tariffs will help America. The trustees and their investment committee follow a solid process to ensure that your retirement savings are managed with long-term objectives in mind.
AN OVERVIEW OF two-pot SYSTEM claims
How many claims were made?
- From 1 September 2024 to 28 February this year, you were allowed to make one withdrawal from your savings pot.
- You may draw from your savings pot once per tax year (March to February).
- In March this year, you were once again allowed to make a withdrawal.
- You must have more than R2 000 in your savings pot to make a withdrawal.
When did members make claims?
What was the gender split?
How are the different age groups claiming?
How much did the different age groups claim?
The graph below shows the average claims by age group. It also shows the amount of tax that was paid on these claims.
Remember that when you make a claim or withdraw from your savings pot, you are taxed at your marginal tax rate.
What was the average claim?
What was the average amount claimed by members? How much did they pay
in tax?
