Two-Pot System | Is withdrawing from retirements savings a good idea?

JOHANNESBURG – Is withdrawing a portion of funds from your retirement savings a good idea?
READ: Two-pot system’s mixed bag of results
Some have argued that accessing money from the two-pot system will help South Africans bounce back financially, while others say workers will be in a far worse financial position when they retire.
So far, the South African Revenue Service has paid out over R21-billion in two-pot withdrawals.
Development Economist, Phelisa Nkomo and Nedbank Private Wealth senior tax specialist, William Khwela discussed this with eNCA.