Two-Pot Retirement System Reference | TradeAnswers

Two-Pot Retirement System Reference

Figures current at 27 September 2026. Source: TradeAnswers.

The three components
Component	Where contributions go	Access before retirement
Savings	One third of new contributions	One withdrawal per tax year
Retirement	Two thirds of new contributions	None, must be annuitised at retirement
Vested	Everything accrued before 1 September 2024	Under the old rules

Withdrawing from the savings component
Item	Rule
Frequency	Once per tax year
Minimum withdrawal	R2,000
Maximum	The full savings component balance
Tax	At your marginal rate, as ordinary income
Fee	The fund may charge an administration fee per withdrawal

What a withdrawal costs at different incomes
Taxable income	Marginal rate	Tax on a R30,000 withdrawal	Net received
R250,000	26%	R7,800	R22,200
R450,000	31%	R9,300	R20,700
R650,000	36%	R10,800	R19,200
R900,000	41%	R12,300	R17,700
R2,000,000	45%	R13,500	R16,500

Data maintained by TradeAnswers · updated as the figures change