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JOHANNESBURG – Some South Africans have been left empty-handed after making withdrawals from their savings pot.
The South African Revenue Service has processed more than 1 million applications for tax directives, related to withdrawals under the new two-pot retirement system.
READ: High traffic volumes for two-pot claims
More than 21 billion rand has been paid out since the 1st of September.
But, many beneficiaries are underestimating the tax implications.
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