Considerations before taking the One-Third Option in the Two-Post Retirement System: What Accountants Should Advise Their Clients

Making the decision to withdraw a one-third lump sum from your retirement savings is more than just a financial choice—it's a pivotal moment that can shape the rest of your life. As accountants, guiding clients through this process means helping them weigh immediate needs against long-term security, understanding the tax implications, and recognising the potential risks of early withdrawal. By carefully considering these factors, clients can ensure their retirement is not only comfortable but sustainable, allowing them to enjoy the fruits of their labour without fear of running out of funds in their later years.