Things to keep in mind

• You can only access your money from your savings pot, once every tax year.
• Any amount saved in a retirement fund will be split into a savings component and a retirement component.
• One-third automatically goes into the savings component and two-thirds into the retirement component.
• The funds in the savings component should only be used in case of an emergency, such as a medical emergency or natural disaster.
• The money you withdraw from the savings pot will be added to your taxable income and taxed at your marginal tax rate – and for some high earners, you are looking at being taxed 45%.

Below you will find access to 10X brochures on the new two-pot retirement legislation coming into effect later this year. You'll also find some frequently asked questions that we hope will clarify the effect of the new system on our clients.