National Treasury has released a Media Statement with an update on the revised 2023 Draft Revenue Laws Amendment Bill that will allow for the implementation of a Two-Pot system from 1 March 2024. Comment on this revised Bill has now been requested and once received and considered, the Bill will be passed. Once the Bill is passed your Fund will have to submit rule amendments to the FSCA in order to allow for the implementation of this new Two-Pot system.
