Two-Pot Retirement System Calculator
Calculate your available Savings Pot balance, SARS marginal tax deduction on emergency withdrawals (min R2,000), and the true long-term compound growth impact on your pension.
Retirement Savings & Contributions
10% (max R30,000) was seeded into your Savings Pot on 1 Sept 2024.
Split: 1/3 (R1,667) to Savings Pot, 2/3 (R3,333) to Retirement Pot.
⚠️️ Important: Two-Pot withdrawals are taxed at your marginal rate!
Two-Pot Payout & Tax Deduction
Two-Pot Retirement System Statutory Rules:
• Savings Pot (1/3): Can be withdrawn once per tax year (min R2,000). You do not have to resign to access it.
• Retirement Pot (2/3): Strictly preserved until age 55 and cannot be cashed out even if you change jobs.
• Tax Warning: SARS applies your current personal marginal income tax rate (up to 45%) plus fund admin fees to all Savings Pot withdrawals.
Frequently Asked Questions (FAQ)
How much seeding capital did I receive on 1 Sept 2024?
On 1 September 2024, exactly 10% of your accumulated vested retirement savings (capped at a maximum of R30,000) was automatically transferred into your accessible Savings Pot.
Why is the tax on withdrawal so high?
Unlike retirement lump sums at age 55 (which have a R550,000 tax-free bracket), early withdrawals from the Savings Pot are treated as regular taxable income and taxed at your marginal tax bracket (up to 45%).
How often can I make a withdrawal?
You can make one withdrawal per tax year (1 March to 28 February) from your Savings Pot, with a minimum withdrawal amount of R2,000. There is no statutory maximum, provided you have funds available.
What happens to my Vested Pot when I resign?
Your Vested Pot (savings accumulated before 1 September 2024) remains subject to the old rules: you can still access it in full as cash if you resign or change employers, though it will be heavily taxed.
📊 South African Statutory Comparative Matrix (SARS & Statutory Breakdown)
| Statutory Heading / Obligation | Calculated Amount |
|---|---|
| Primary Settlement / Net Amount | R 0.00 |
Engr. Muhammad Shahzad
Principal Financial Systems Architect & Statutory Compliance Specialist
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.