PSA: ‘Early pension withdrawals could be detrimental to taxpayers’
By Rachel Mohamed The Public Servants Association (PSA) warned its members against unnecessary withdrawals from their pension funds under the two-pot system. While the system offers greater flexibility and access to retirement funds, the PSA emphasized the potential long-term impact of such withdrawals on retirement savings. Speaking on VOC’s Breakfast Show, Claude Naiker, Acting Deputy General Manager at the PSA, explained the financial and tax implications of early withdrawals from […]
