A bill overhauling SA’s retirement regime was adopted by all parties in the National Assembly on Tuesday, though several MPs warned of the danger of workers withdrawing too much money from their retirement funds, depleting their resources for retirement. 

In adopting the Revenue Laws Amendment Bill, which provides for the introduction of a two-pot system on September 1, MPs also urged retirement fund administrators to educate their members about the new system so they properly understood its implications for their savings...

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