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Two-Pot Retirement System Calculator

The two-pot retirement system was created by government with the hope of promoting a culture of saving. It allows members to prioritise their retirement savings while also having emergency funds. This means that you will be able to access some of your retirement savings in an emergency without leaving employment. The date of implementation is 1 September 2024.

Learn more about the Two-Pot Retirement System here.

Vested Component


What is it?
This pot includes all your savings made before 1 September 2024 minus the amount that will be transferred as seeding capital.

When can you access it?
The current rules still to these funds. This means that when you leave your employer you can access these funds.

Savings Component


What is it?
This pot will receive a once-off allocation from the vested component (up to the maximum of 10% of the fund value as of 31 August 2024, capped a R30 000). This is referred to as seed capital. One-third of your contributions from 1 September 2024.

When can you access it?
You can make one withdrawal per tax year. The minimal withdrawal per tax year is R2 000. The marginal tax rate and administration fee will be deducted before the claim is paid out.

Retirement Component


What is it?
This pot will receive two-thirds of all contributions made from 1 September 2024 onwards. You cannot withdraw from the retirement component until you retire.

When can you access it?
The funds are locked in until retirement when they will be used to purchase an income.

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Terms and conditions

  • The projections provided by the calculator are estimates and are not guaranteed. They are subject to market influences and external factors beyond the control of GIB, which means they may not materialize in the future. 

  • Using this site, its online services, or information from it is entirely at your own risk. We do not commit to frequent updates, modifications, or amendments to the information, nor do we provide ongoing advice if the information becomes inaccurate. Any representations or opinions expressed should be considered general and for informational purposes only.

  • GIB does not make any representation, warranty, guarantee, assurance, or endorsement regarding the completeness or accuracy of the information on the site or the online services provided. You confirm that neither GIB nor any of its employees provided you with advice (as defined in the FAIS Act). You are responsible for independently assessing whether your choices and instructions are appropriate based on your individual needs, personal or investment objectives, and financial situation.

  • By using the information on this site, you indemnify GIB, its staff, contractors, subsidiary companies, affiliated organizations, and agents, holding them harmless against any claims, losses, or damages (direct, indirect, special, incidental, consequential, or punitive) arising from your reliance on the information.

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