💨 Abstract

The two-pot savings scheme allows retiring South African expats to bypass the three-year lock-in rule, enabling immediate access to their savings. Since its introduction in September 2024, this scheme has led to billions in withdrawals, often used to meet immediate financial needs. Expatriates who have formally ceased tax residency can withdraw their savings without delay, though they may face administrative fees and tax liabilities. By February 2025, 2.6

Courtesy: Ray Leathern