SA Woman Unveils Pension Fund Amount and Shares 2-Pot System in Video

SA Woman Unveils Pension Fund Amount and Shares 2-Pot System in Video

  • A lady showcased her pension fund in a clip making rounds on social media, leaving people with mixed reactions
  • In the footage, she flexed the amount, and it gained massive attraction online, gathering loads of views, likes and comments
  • Netizens reacted to the stunner's clip as they rushed to the comments section, expressing their thoughts

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A young woman in South Africa showcased her pension fund in a video making rounds on social media.

A woman showed off her pension fund amount in a TikTok video.
A South African woman unveiled her pension fund amount in a TikTok video. Image: Tim Robberts
Source: Getty Images

Woman shares her pension fund

The hun, who goes by the TikTok handle @homely_home6, revealed the amount in her account, which was R223 577,31. The young lady shared that due to the two-pot system coming into effect on September 1st, 2024, she would only be able to withdraw 10% of her money.

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The video caught the attention of many, causing a huge debate among social media users. The clip geared many views, along with thousands of likes and comments.

Watch the video below:

People react with mixed emotions

The online community flocked to the comments section to express their thoughts on the woman's pension fund.

Baba Yaga said:

"Most of us will not see 60 years, might as well taste our hard work. Lifespan has reduced drastically."

Mrs.m_theprayingwife added:

"I am withdrawing, I don’t want to lie. I’d rather withdraw than take a loan."

Tsontso shared:

"The reason for two pots was to help us pay our debt, and after COVID-19, interest rates went up. Some lost their houses. What I want to understand is will 30k make any difference if someone lost a house."

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Gareth cracked a joke, saying:

"My vacation budget is sorted, then. Will take that every Nov."

Man's rant about R8K tax and two-pot system pension fund has South Africans talking

Briefly News previously reported that one man in Mzansi took to social media to complain about the tax, and people backed him up.

A gent who has his priorities in order showcased how he was planning for his future retirement life. The young man who goes by the TikTok handle @mashmricho unveiled the massive amount he has to pay for tax.

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Source: Briefly News

Authors:
Johana Mukandila avatar

Johana Mukandila (Editor) Johana Tshidibi Mukandila has been a Human Interest Reporter at Briefly News since 2023. She holds a national diploma in journalism from the Cape Peninsula University Of Technology (2023). She has worked at the United Nations High Commissioner for Refugees, PAICTA, BONA Magazine and Albella Music Production. She is currently furthering her education in journalism at the CPUT. She has passed a set of trainings from Google News Initiative. Reach her at johana.mukandila@briefly.co.za