Affluence Capital

⚠️ Thinking about withdrawing from your Two-Pot Savings Pot this year?

Before you do — read this.

The Two-Pot withdrawal tax is not a flat fee. It's charged at your personal marginal income tax rate. For top earners, that means SARS could take up to 45 cents of every rand before it reaches your bank account.

And that's before you account for what that capital would have grown into if it stayed invested — tax-free — for the next 15 years.

The Savings Pot was designed as a last-resort emergency valve. Not a top-up account. Not a school fees fund. Not an annual bonus.

In our latest article, we break down:
✔ Exactly how much tax you pay at each bracket
✔ The true long-term compounding cost of early withdrawals
✔ Three rules our private wealth team applies to protect retirement capital

Read the full article here: https://www.affluence-capital.co.za/the-45-tax-trap-why-high-earners-are-silently-destroying-retirement-wealth-under-south-africas-two-pot-system/