With household consumption up by 3%, many are dipping into their two-pot pension to provide for themselves and their dependents. Following the start of the new tax year on the 1st of March, those who qualify for two-pot savings have been allowed to withdraw from their retirement funds again, despite recommendations against doing so. More than 100 000 people have made withdrawals from the Alexander Forbes website, causing system delays which prevent retirement members from receiving their money.We are in conversation with Retiree and Financial wellness coach, Wendy Selebi as we unpack whether South Africans are losing faith in retirement savings? Or is this simply a reflection of the tough economic realities people is facing right now? Wendy also gives us tips from a retiree's perspective on the dangers of early withdrawals. 

<p dir="ltr">With household consumption up by 3%, many are dipping into their two-pot pension to provide for themselves and their dependents. Following the start of the new tax year on the 1st of March, those who qualify for two-pot savings have been allowed to withdraw from their retirement funds again, despite recommendations against doing so.&nbsp;More than 100 000 people have made withdrawals from the Alexander Forbes website, causing system delays which prevent retirement members from receiving their money.We are in conversation with Retiree and Financial wellness coach, Wendy Selebi as we unpack whether South Africans are losing faith in retirement savings? Or is this simply a reflection of the tough economic realities people is facing right now? Wendy also gives us tips from a retiree's perspective on the dangers of early withdrawals.&nbsp;</p>

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At POWER 98.7, we invite you to join the conversation with Kea Ncube on every platform. Browse this selection of podcasts. Now we're talking.

<p>At POWER 98.7, we invite you to join the conversation with Kea Ncube on every platform. Browse this selection of podcasts. Now we're talking.</p>