S3 E8: Two Pots For Retirement

The Swan Effect - Creating and Sustaining Your Financial Wellbeing

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In Season 3 episode 8 Arthi & Malika are joined by special guest Tiaan Herselman, to discuss the new two pot retirement legislation that came into effect on 1 September 2024 in South Africa. It was designed to assist in the current retirement crisis that retirees are experiencing, where they do not have enough financial resources to allow them to retire comfortably.

Listen in to hear Malika, Arthi & Tiaan discuss:

• What exactly is this new legislation and what do the different “pots” mean
• The intention of this retirement legislation
• The new rules & implications for your savings & tax
• Practical examples of various scenarios depicting the the new pots
• Debunking any myths and mistruths about the 2 pot system

and so much more!

We would love to hear your views based on the concepts covered in this episode.

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About Tiaan Herselman:
Tiaan is the Head of Proposition Old Mutual Wealth. He holds a B.Com Financial Planning (cum laude), Post Graduate Diploma in Financial Planning &an Advanced Post Graduate Diploma in Estate Planning. He is also a certified financial planner ® & has spent the last 14 years in the financial services industry during which he started out his career as a financial planner and then moved into the financial planning fintech and investment landscape. He is currently busy completing his MBA at the University of Johannesburg. He has a strong passion for financial planning and making people aware of the value of good financial advice.

This episode is proudly sponsored by Old Mutual Wealth.

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1. S3 E8: Two Pots For Retirement (00:00:00)

2. Advertisement: Old Mutual Wealth (00:00:01)

3. Introduction (00:01:44)

4. About Arthi Rabikrisson & Malika Peterson (00:02:21)

5. Welcome Listeners! (00:03:25)

6. Welcome Tiaan (00:04:15)

7. The Intention Of The Two Pot Legislation (00:04:50)

8. What Exactly Is The Two Pot System (00:07:48)

9. The Vested Pot (00:08:31)

10. The Savings & Retirement Pot (00:08:50)

11. Summarizing The Pots (00:11:08)

12. A Practical Example (00:11:40)

13. Implications Of Withdrawing From Your Savings Pot (00:15:00)

14. What Are The Myths (00:19:00)

15. What About Retrenchment Or Divorce (00:22:33)

16. Smart Choices For Your Retirement (00:24:26)

17. Arthi's Parting Shot (00:27:02)

18. Tiaan's Parting Shot (00:28:08)

19. Malika's Parting Shot (00:29:55)

20. Thank you Listeners! (00:30:46)

21. Swanning Out For Now (00:32:00)