President Cyril Ramaphosa has signed the Pension Fund Amendment Bill into law to implement the Two-Pot Retirement System .
The legislation facilitates flexibility regarding the retirement savings for South Africans.
From the proposed date of September 1st this year, one-third of retirement contributions will be split into a savings component and two-thirds into a retirement component.
This will enable members of retirement funds to access their savings without having to resign .
T he minimum amount of money that can be withdrawn is R2 000.