GEPF's 3 Pot System EXPOSED: Is Your Money Really Safe?

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GEPF's 3 Pot System EXPOSED: Is Your Money Really Safe?

Рет қаралды 18,148

9 ай бұрын

"🔥 Are you a GEPF member worried about losing money when the new two-pot system takes effect on 1 March 2024? You should be! But what if there's an even bigger change looming? In today's video, I reveal the upcoming GEPF 3-pot system that you absolutely must know about.
👤 I'm Dhevan Naicker, a Certified Financial Planner and your go-to Retire vs Resign Specialist. Today, I'm pulling back the curtain on the official GEPF proposal to make sure you're well-equipped to protect your financial future.
🤔 From understanding the fine print to navigating the pitfalls, this video is your all-access guide to what's really going on with the GEPF's financial transformations. And you'll want to stick around until the end because I'll be sharing an exclusive secret to help you determine if you've lost money due to the two-pot system.
📩 Exclusive Consultation: For GEPF members with 25+ years of service, I offer private consultations to discuss your unique situation in detail. Book yours by emailing retirewell@retiresa.co.za.
🛑 Disclaimer: Retirement Wellness SA is an Authorised Financial Services Provider - FSP 31609. This video provides information, not advice.
🔗 Subscribe and turn on notifications so you never miss critical updates that could affect your future.
#GEPF #3PotSystem #RetireVsResign #FinancialPlanning #RetirementWellnessSA #GEPF2024 #InvestmentChange"""

Пікірлер: 57

@fernandathompson4183 5 ай бұрын

This just rings so many alarm bells... more corruption...

@DhevanNaicker 5 ай бұрын

@Fernanda, watch out for an updated video that brings more hidden info to you surface

@user-cc1re5uu1h 16 күн бұрын

Thanks I left long ago it seems the government is going to deduct more tax as from this system Laza Lethoko

@aphiweradebe3602 5 ай бұрын

Mmm i so wish to resign but im at 19 yrs service 😭😭😭

@nqababrian2493 8 ай бұрын

Properly explained 👌🏾👌🏾

@DhevanNaicker 8 ай бұрын

Happy this helps give you clarity 👍🏽

@traceydouglas670 7 ай бұрын

Start already looks like what they did with leave resulting in capped leave and we have caveats around that

@DhevanNaicker 7 ай бұрын

@Tracey, you’re on track. Keep learning and growing

@ashleneortell317 4 ай бұрын

Great explanation. How does this affect those who want to emmigrate?

@DhevanNaicker 4 ай бұрын

@ashlen, I’m sure GEPF will provide full clarity once two pot becomes effective

@user-kx5qd3rg1g 3 ай бұрын

Why was there a data bridge just before the 3 pot pension fund system came out. So now no one can request their amount of pension funds before the time.

@DhevanNaicker 3 ай бұрын

@Lee, it’s a great question! The lack of access is unfair because members need access to their statements especially if they want to compare values before and after 2 pot.

@GladysLambard-ff2em 3 күн бұрын

Our money is still save pleas guy we work hart .God help us

@vezivezi6132 15 күн бұрын

I see a lot of corruption with this corrupt ANC government 😢😢😢😢😢

@mthobisimagagula3069 23 күн бұрын

I wonder how will we claim with GEPF because currently it takes 7 months for them to payout some benefits. Will we claim at their offices, or they'll make things easier online

@DhevanNaicker 22 күн бұрын

@mthobisi, good question. There should be clearer guidelines after two pot is implemented

@nkululekoshoba4034 8 ай бұрын

Thank you for the informative video. May you please share the link of the document you are using in this video?

@DhevanNaicker 8 ай бұрын

@Nkululeko, this can be requested directly from GEPF

@naipaulramsamujh1715 9 ай бұрын

THANKS DHEVAN YES GOVT IS NOT SURE OF IMPLIMENTATION DATE 2024 OR 2025A S IT STANDS NOW

@DhevanNaicker 9 ай бұрын

@Naipaul, we will cover this more in your private consults

@sonjamyburgh212 7 ай бұрын

How will we know when GEPF will finalize the date of the 3-pot system? May I please ask if you can publish that info here on KZfaq, please Dhevan?

@DhevanNaicker 7 ай бұрын

@sonjamyburgh212, I’ll update on the channel once I find new info

@antonettemorobe5995 8 ай бұрын

Thank you very much yout video was informative

@DhevanNaicker 8 ай бұрын

@Antonette, happy to hear this. Are you planning on leaving before or after the 2 pot system?

@user-kx5qd3rg1g 3 ай бұрын

As I understand that even if you resign at the age of 40 years the pension fund still keeps a portion of your pension until the age of 55, 60 or 65 . Am I correct or am I missing something.......

@DhevanNaicker 3 ай бұрын

@Lee, quite right! If you want to resign, you can only invest for income from age 55 onwards

@mariusoosthuizen9687 3 ай бұрын

If you resign after implementation of the pot system you can transfer the vested pot to a private fund, tax free, and then exercise a choice on gratuity (of up to one third), in which case the Retirement Lump sum tax free benefit of R550k still apply, correct?

@DhevanNaicker 3 ай бұрын

@marius, this SHOULD be the case however what if GEPF changes the formula and benefits are reduced?

@user-le8zb3xn6r 6 ай бұрын

Tank you sir I gained a lot and only left for me to be on pension. I have 35 service this year

@aphiweradebe3602 5 ай бұрын

Thank you so much you have opened my eyes. What i wasn't understanding also if i decide to resign at age of 55 . My money on vasted pot wont be reliesed to me? Should i die what will happen to my money

@DhevanNaicker 5 ай бұрын

@aphiweradebe, the vested pot can become available on resignation. Trustees will decide on the funds upon death

@user-nv4dk9ki8s 6 ай бұрын

Thank you for your swift reply brother hope you have a great day further bye for now

@user-nv4dk9ki8s 6 ай бұрын

Please tell me if buying pension back would be a good thing

@DhevanNaicker 6 ай бұрын

@Marcel, this can be extremely beneficial. Look at the figures so you are fully aware of the implications upfront before committing

@Ntungwelihle_50 8 ай бұрын

I wish those who want to resign in 2024 can watch this video. It is clear to me that they should have put in their resignation papers by now. 😮

@DhevanNaicker 8 ай бұрын

@Ntungwelihle, you’re right… resignation planning must be done early to get the maximum benefits. You can help empower others by sharing the video link

@user-kx5qd3rg1g 3 ай бұрын

What happens to that money that is being kept behind by the government pension fund. What is it invested in and what interest rate do you get. Why is the government pension fund keeping some of the pension fund money .....if you resign......untill the age of 55, 60 or 65 years or when you die. Sorry I really don't understand why the soldiers pension fund money must stay in the fund...even when they have resigned. Does the private sector give their employees all their pension fund money back should they resign .......

@DhevanNaicker 3 ай бұрын

@Lee, you will find more clarity here www.retirevsresign.co.za/

@raphaelmotloung 8 ай бұрын

Will I still accumulate interest on the vested pot? As a Gepf member

@DhevanNaicker 8 ай бұрын

@Raphael, the benefits are calculated based on formulas, not market performance. Your value will increase as your salary and years of service increase… unless GEPF changes the formula… again

@angiemunsamy73 6 ай бұрын

What happens when you are going through a divorce

@DhevanNaicker 6 ай бұрын

@Angie, once you get clarity on the divorce details you can reach out to your HR to confirm the impact on your benefits.

@user-nv4dk9ki8s 6 ай бұрын

Please tell me what is the lowest amount you need for a life annuity

@DhevanNaicker 6 ай бұрын

@Marcel, it varies from company to company. Best to reach out to them to enquire

@yvonnesilvie1550 7 ай бұрын

What happens to my money if I do not withdraw at all until I retire Dhevan

@DhevanNaicker 7 ай бұрын

@Yvonne, in principle the money should be there until you reach retirement age as per GEPF rules. However you will only know for sure once it’s implemented

@yvonnesilvie1550 7 ай бұрын

@@DhevanNaicker Thank you Dhevan lers see what happens I Turn 60 next year and thinking of retiring

@DhevanNaicker 7 ай бұрын

@yvonne, you should have more clarity on how the 2 pot system affects you by then