CN
Charlton N

1 reviews | Active since Jan 2016

04 Mar 2026, 07:08

i want my money

I claimed 10800 from my 2 pot and momentum only paid 7800 in my account this is not a 10th of the funds what did they do with my money they advised they will deduct 250 admin fee not 2500 i want my money .

0
Replies (2)
Momentum (SA)
Momentum (SA)'s reply04 Mar 2026, 08:34
Official
Dear Charlton,

Thank you for informing us of your concerns,

We have referred the matter to the fund manager in order to provide you with the necessary feedback.

Kind regards
NH 
Momentum (SA)
Momentum (SA)'s reply04 Mar 2026, 08:46
Official
Dear Charlton,

We received the following feedback from the fund manager.

A two‑pot withdrawal is subject to tax, calculated at your salary tax rate.
This is standard practice as prescribed by SARS.

Kind regards