R 250


Understanding the two pot retirement system


Two Pot System logo
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