R 250
EX. VAT
Understanding the two pot retirement system
Online
CPD Accreditation detail
Professional Body: IOBSA
CPD hour allocation: CPD Hours (online learning): 3 CPD hours
CPD registration number: IOB208
Course description
The two-pot retirement system aims to empower more South Africans to preserve their retirement savings when they leave a job or change employment, while enabling controlled access to these savings in times of financial hardship.
In this course the learner will gain a good understanding of the two-pot retirement system as at December 2023, including all the information relevant to the proposed 1 September 2024 implementation date.
The following topics will be covered in this course:
- Why is the two-pot retirement system important?
- How does the two-pot retirement system work?
- Retirement benefits before and after 1 September 2024
- The "pots"
- The vested component
- The savings component
- The retirement component
- The impact of accessing a savings withdrawal benefit
- Benefits of provident funds members on and after 1 March 2021