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SARS reaps billions as South Africans withdraw from two-pot savings
Two-pot retirement withdrawals are helping South Africans pay debt and living costs, but billions of rand are also being deducted in tax.
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Timeline cronologica
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Debt drives repeat two-pot retirement withdrawals among middle-income South Africans
Momentum Corporate data shows that 52% of eligible members have withdrawn from their two-pot savings, with debt and household expenses among the main uses.
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SARS reaps billions as South Africans withdraw from two-pot savings
Two-pot retirement withdrawals are helping South Africans pay debt and living costs, but billions of rand are also being deducted in tax.