Hasty pension fund withdrawals warning

Why does the government want to tell me how I should spend MY money. I worked for that money while the government waistes MY money.
"A member must understand"????? The only thing I understand is that the government of SA is a greedy bunch of thieves!!!

Skelms

No this is so wrong why people decide for others money, what can you do with 30k?

Scams

So, they are basically treating people like children just giving them an allowance to spend. Pretty much telling people that they think that the people are too stupid to handle their own money and that they should let government decide how much of their own money they can spend.

How many times must we be taxed?

Without consulting us

Whose idea was this

Thank you SABC, this clarifies all about the the 2 pot system! ❤

6yuivu

SARS must also be in order with regards keeping their hands off claimed and unpaid tax refunds (which they through inside jobs stole) before they deduct tax monies in arrears....

Who said we need you to hold our money??

What to do with that R30000 can anyone assist me to understand

When seeking job you are alone after you got the job they are here to plan your money😢

South Africans are in so much debts I’m sure R30 000 wont cover half your debts or uplift your business ideas 😢or even restore small business 😮

I think our biggest challenge as a working class is that we are divided.

I am holding a strong view that this two pot system is not Going to help us but it meant to generate more money for insurance companies.

As a unionist, i am against this system

I dont want this😮

Scammers

Guys we are buried alive here, as government employees we can’t even afford to buy house we love, cars while we studies so many yrs let’s alone to pay fees for our kids 😢

South Africa got a huge financial boost?
14 billion!
Guess where's it come from
Two pot systems?
They taxed you on that money, your money!
Does that makes any sense?
Imagine 100 people decided to take a portion and get taxed?
It's a lot of money to the government coffers and the then get interest on it as well
Who loose and who gain!
It's all a scam!!

And were all smile when signing the two pot system bill or whatever you named it!!!
😢😢😢

Cut the president's salary for heaven's sake......his a billionaire and living for free off our hard earned money......

COSATU must interven

I Strongly believe one shouldn't withdraw cos tax implications are quite hasty, resulting to owing SARS n your retirement fund compromised😢😮😢

Its funny ,how the government know whats best for you when they cant govern and control the crime in or land properly but they want to control your money and say whats best for you.Its My money why the interest to when it comes to money but what about us when it comes to we being faced daily by corruption, oppression etc where is the two pot system for unemployment, stealing corruption, oppression, killing, drugs etc Sad to be looking at the Leaders we hv today, they will only be going down in history as fools.

This law only benefits the Government not us citizens 🤦‍♂️

The future of our kids has been taken away 😢.
This means they are going to be working slave for the rest of their life. Because if they resign or loose their job they won't get any cent. It means they will loose their cars, house and be street kidz until retirement age then they get their money.
Government realy need to think of our future generations

What happened with you all

Are you wrestling with the elements of panda 🐼 stories 🐻 🐻‍❄ 🐼

Bugga bears binky

Congratulations captain obviously

Play song Holly day rap song

Who's winning you panda s panda 🐼 bears 🐻 🐻‍❄ stories cartoons shows

Yogis bears 🐻 🐻‍❄ stories 🐻 🐻‍❄ 🐼 cartoons classic movie 🎬 🎞 🎥

Politicians being paid off now that's been removed from cabinet, due to the GNU.....look at their payouts, they earn exuberant salaries for doing nothing....
Politicians should take pay cuts, and reduce the cabinet .... Because inflation not improving even either....so those monies can be poured back into our community for youth development.
Our children are not in school , not doing sports, but these politicians are living lavish.

Withdrawals of 30000 but plus minus 8000 goes to tax, why is the tax so high but they saying the want to help us 🤔

your losing money regardless because this money isn't growing because its invested in the JSE which hasn't seen any growth over the past decade

Few Certain people sit somewhere and decide on our behalf about our money. Some people were denied financial business support by financial institutions however with those funds Some people succeeded in self funding to start their own business.

So,if I resign after the 01Sept I will get R0,00. This simply means that I can't resign and get my money to invest however I please 🚮

THIS IS BS. How do you pay tax on money that has already been taxed?

Legal looting in the making 😂 being alive is an extreme sport you guys wreck us every chance yall get hahaha , all i heard was Tax tax and somemore tax we dont even question these things we jus oblige, clown world this is 🤡

wow taxes are going to be crazy which ever way u look at it

1st one to report for duty, SARS.

You people on the top that are incharge of the country .ANC. ..DA. You are makeing life difficult for us people on the ground....we are suffering under your inflation..

The R30.000 can and will be spent the way the people want to

SCAMM in steroids

How will growth now be on the total pensions as a whole. Will it now Only be happening on the money in the two pots remaining. So no overall growth will come from the money in the savings pot. This will cause a loss of income over the entire portfolio at time of retirement as there will be less growth as the money in the savings pot is now not growing monthly with the two other pots over the entire lifespan of the employees pensionable income. This looks to me like this is only a plan for government to make QUICK CASH FLOW through TAXES while employees will suffer with less capital at time of retirement. GIVE A OPTION TO EMPLOYEES who does not want this system to have the choice not to join this as an option.

The poor people will be the losers of the two pot story it's not worth it.

We do need it long ago