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No, you can t withdraw your retirement savings yet, says Treasury

Treasury on Process and approach to preservation and access to retirement savings

In response to the many media queries, National Treasury wishes to provide more details on the approach and planned timelines concerning the proposal to allow for greater preservation with limited pre-retirement withdrawals from retirement funds. Even before the advent of COVID-19, the government recognised that many members may need to access part of their savings in particular unexpected circumstances. It is for this reason that the Minister of Finance noted in the 2020 Medium Term Budget .

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