RETRENCHMENTS AND RESIGNATIONS

Deciding what to do with your pension or provident fund when resigning or being retrenched is a difficult decision that most people do not really think through. Most people cash in their fund and get taxed heavily.


A smart move would be to move the money to a preservation fund. This is a safe way to preserve your money towards your retirement while getting the following benefits:

1. You can choose your age of retirement for your fund.
2. You are allowed to make 1 withdrawal prior to your retirement age.
3. You are able to choose funds that suit your risk profile and can make up to 4 switches free per year.
4. Money transferred across to a preservation fund is not taxed.



have Questions?
Ask a specialist

011 083 5005

Feel free to
Contact Us