When it comes to your retirement savings, EPPF cares.
 

From 1 September 2024, your pensionable service will be split into two pots as part of the Two-Pot Retirement System. 

The first pot will be your Savings Pot. It will hold a third of your service each month. The second pot will be the Retirement Pot and it will hold two thirds of your service each month. 

You may have heard that the Two-Pot Retirement System requires that contributions be split but as a defined benefit fund. EPPF doesn’t split contributions; we split pensionable service instead. 

Let’s take a look at how much you can withdraw (Your Savings Pot)

For the 2025 tax year, members who opt to make withdrawals from September 2024, will have access to 10% of the benefit accumulated up to 31 August 2024 limited to R30 000. This amount can be withdrawn, subject to the applicable tax.

You will not be allowed to make a withdrawal at any point if your benefit in the Savings Pot is below R2 000, even if you have not made a withdrawal in that tax year.
 

Remember, your Savings Pot will have 10% of your accumulated benefit up to 31 August 2024 limited to R30 000, plus one-third of all future service going forward.
This means the more service you accumulate in the Savings Pot, the more money you will be able to access in future.

Your Retirement Pot will hold two-thirds of your service from 1 September 2024 onwards. All service accumulated in this pot will remain with EPPF until you retire. If you resign or get dismissed, you will not be allowed to take the benefit as a lump sum. On termination of employment before retirement, you may transfer the benefit to another retirement fund.

There’s also the Vested Pot. This will hold your accumulated benefit up to 31 August 2024 excluding the benefit that will be made available for withdrawal from the Savings Pot. If you resign or are dismissed, then you can take the full amount in your Vested Pot as a lump sum in cash, or you can transfer the benefit to another retirement fund.

We care about your financial future but understand that life happens. When you need emergency funds, that’s where the Two-Pot Retirement System will assist. If you don’t need to access your retirement savings, it’s always advisable to leave your money untouched.
 

Preserve now and you can prosper in your retirement years.