New two pot retirement system

[Goosfrabba]

https://twitter.com/x/status/1831255251258585157

I'll be curious to see the revenue for KFC and Nando's on the day these payouts are processed

 

[PaulGherkin]

You should be able to do this without incurring a taxable event (ie you move the RA dont cash it out) - I did this a few years ago (consolidating a number of smaller RAs into a new RA at a different provider).

There was a block, so the way around that was them pestering me to sign up for a new one and they transferred the funds, of course they were scaley too, so the thing is worth less than the money I put into it. It has had a slow puncture ever since I did this. I made it paid up due to my unemployment 10 years ago

 

[supersunbird]

Coronation puts it all in an interesting and informative way:

 

[marxgp]

I was not planning on taking it. But it is starting to look attractive with the current challenges I'm facing. It would be this or a loan.

But this won't work if it takes 3 months to process the withdrawal. Hence my initial question: How long could such a withdrawal take? days, weeks or months?

I applied on Sunday and money was paid in on Friday.

 

[Pho3nix]

I applied on Sunday and money was paid in on Friday.

Which provider is this? Very quick

 

[marxgp]

I was not planning on taking it. But it is starting to look attractive with the current challenges I'm facing. It would be this or a loan.

But this won't work if it takes 3 months to process the withdrawal. Hence my initial question: How long could such a withdrawal take? days, weeks or months?

Which provider is this? Very quick

Sanlam

 

[SHL]

https://twitter.com/x/status/1833422527525265757