Never!

Thank you for another great video. Initially I was convinced withdrawing would be a bad idea but I have recently started thinking about scenarios in which withdrawing would make sense. Regulation 28 often means a bulk of the funds in retirement accounts will be invested in SA and SA has not been a high growth market. In addition to this, the Rand has been depreciating. Would it make sense to withdraw, take the tax hit and then invest the funds in a fund like the S&P 500? The S&P 500 has outperformed the JSE and also you hedge against the Rand depreciation. I am truly curious if anyone has run the numbers on this. I would highly discourage against withdrawing for just spending purposes.

Hi there Unfortunately the direct ACH transfer from your bank does not reflect in the deposit screen that i have it only has bank wire , link a new Bank Account, transfer from Wise Balance, Online Bill Pay and Mail a Check. Please note this still form part of the registration process where it state to fund your account . Unfortunatly it does not allow you to go to the main/home screen.

Thank you for sharing insight on TWO POT SYSTEM.

Are you finding it impossible to get onto the Rsa retail website? A bit of a concern.

The PAYE impact on withdrawal from the savings pot needs to be know. The paye on the withdrawal amount is part of the story, these earnings are added to ur annual taxable earnings and create the opportunity to move into a higher tax bracket. The issue with this is most will only discover this change on assessment in July 2025, when they are told by Sars they owe PAYE. This primarily due to payroll taxes only being based on employment related earnings.

I used your EE code but i didn't get my R50 voucher, thanks for the tutorial btw

Please , more finance videos keep it up😍

Thanks for the video. I have a question, what happens if one has; say two policies? One at work and one privately, will they have four pots? Or everything will be in only two?

So now what will happen if you loose a job lets say after this new system, and you can't find anything until your retirement age, how are you going to survive if you can't touch your pension fund.

Juat subbed. You're awesome 👏

Loving the Office references!

The question I keep asking myself is what will the purchasing power of the rand be in 30 years? A R600k plus savings pot sounds amazing but in the year 2055 R600k might not even be able to buy you a second hand toyota tazz😂.

Thanks Captain!

Lekker video, thanks!

Do you know how much stress I was going through just to fund my account ? Do you know how long I have been trying and how many times I have been placed on hold . You are a lifesaver ….. Thank you , Thank you 🙏🏿 keep them coming we love your content 👌👌👌

Wish you well buddy …. You are giving and receiving …. Symbiotic relationships ⚡️💫

"Going to the gym and sitting in the corner watching others won't make you a spier tier...". Lekker 😂

Great video. It was extremely helpful.

Your next follow up video on this must be about the associated monthly expenses for each of those properties. I won't be surprised I monthly expenses exceed 10k pm

Mr. Money Marks our very own financial veterinary professional.. welcome back sir 🙏..

Taxing the elderly on income they've already been taxed on is criminal. I'd rather dig a damn hole in the ground and bury my savings like a fantasy pirate treasure.

It’s been a while Mr Money Marx ❤

I genuinely thought you were out on other money making opportunities and done with KZbin😂😅 it's been a while , happy to have you back

While I understand where this law has come from, I think it will be very short sighted to take from a retirement fund prematurely , kicking the can down the proverbial road

Tanks mark...i searched google and and read so many news articles but they werent very clear....now i understand .thanks

What a waste of money!!! This is one of the many reasons why our currency depreciate by 5.5% yearly.

Thank you!

The R 30,000 that can be withdrawn from the Vested pot, is this per RA (I have 3 RAs). Does this mean I can withdraw R 30,000 from each RA?

What if a person who is over 55 yrs old got fired from their job and doesn't intend to look for another job??? Would they be able to get all their money???

Hi, my Magneto 300w is not charging. The light go on but it does not charge, it stays on 0% and shows 0 input 0 output, can anyone help?

You're back, NICE :)

Clear, succinct and informative content, as per the usual from Pieter!

Portfolio update please

I want to start investing into the S&P500 but im not sure whether to make it through dollars or through my ZAR TFSA through a feeder? Would appreciate any advice 🙏

I was on Easy Equities for a few years and it went well, until they started charging fee's for services they started making up, without consent. Suddenly fee's were raised for services I never subscribed to. They do unethical business. I took all my money out and left. I'd rather place my money in a fixed deposit. Sad but true.

Baie insiggewend.

Ok brother, how do I get credit score without credit?

It’s been a while! Great to have you back🎉

Money Marx welcome back

What if I'm close to retirement, will qualify for R30K. I have debt. Would it be better to take the R30k (less tax) to pay off high interest debt?

He's Back!

Insightful, thank you

Great video🤙🏻

Well explained 💯

I guess the rand is the funny money because the dollar has a demonic symbol on it.

Thank you so much bra

Baie dankie Pieter!

Rewards Programs video please! 3:49