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SARS Commissioner, Edward Kieswetter, says pension fund members who want to take advantage of being able to withdraw from the savings pot of the Two-Pot Retirement system must be tax registered.
He was speaking to SABC News, a few days ahead of the launch of the new retirement system, which kicks in on the 1st of September.
Kieswetter said those who decide to withdraw, must think long and hard about the need to do so, given the implications of tapping into these long-term savings.
To give us the perspective of the GEPF, we are joined by its Head of actuarial and benefits, Brian Karidza.
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