Procon Insurance Brokers CC
Share
We are client-orientated and consumer-focused, therefore business is spread among insurers, according to the client’s needs and affordability.
22/07/2026
Tax-free withdrawal at risk
You will not enjoy any tax-free withdrawals from the savings pot under the two-pot system unless you save money in that pot until retirement.
At retirement, the first R550 000 of any cash lump sum you withdraw from the savings pot and one third of your savings before 1 September 2024 (vested pot) may be tax free. This is a significant benefit that you may lose or erode if you constantly raid your savings pot or make withdrawals from your vested pot when you change jobs.
This tax-free benefit is reduced by any withdrawals you have taken from your fund before the introduction of the two-pot system or that you have take from your vested pot when changing jobs after the 1 September 2024.
How much tax will I pay on withdrawals from my savings pot before retirement? Smart About Money
20/07/2026
Navigating the new tax regulations for better savings strategies Discover how recent regulatory changes in South Africa can enhance your savings strategy. Learn about increased tax allowances for tax-free savings accounts and retirement contributions, and how to make the most of your financial future.
Click here to claim your Sponsored Listing.
Category
Telephone
Address
1085 Haarhoff Street East
Villieria, 0186
PRETORIA
Opening Hours
| Monday | 08:00 - 16:30 |
| Tuesday | 08:00 - 16:30 |
| Wednesday | 10:00 - 16:30 |
| Thursday | 08:00 - 16:30 |
| Friday | 08:00 - 16:30 |