Category: Group Benefit – Posts
Statutory and Tax Provisions
Statutory and Tax Provisions How long does it take to transfer money to a Preservation fund? A provident fund is a retirement benefit which differs from a pension fund in that at retirement the entire …
Preservation FAQ
Preservation FAQ? Who can transfer to a preservation fund? Any member that is withdrawing from a fund as a result of resignation, dismissal, retrenchment or a fund termination. Retirements or mergers of funds do not …
Preservation Funds Explained
Preservation Funds Explained What is a preservation fund? Retirement preservation funds are approved umbrella pension or provident funds to which members of an existing employer’s pension or provident fund can transfer their accumulated benefits on …
What About Withdrawing Retirement Funds?
(The following changes have been delayed until 1 March 2018.) The new SARS retirement fund regulation addresses how provident fund payouts are handled at the point of retirement. How this affects you, and your funds, depends …
Why a Provident or Pension Fund?
Why a Provident or Pension Fund? Why Retirement Funding?The need for a provident or pension fund Moral obligation In a world which is moving from a strictly legalistic, hands-off environment to an equity-based socially responsible …
Pension and Provident Funds Explained
Pension and Provident Funds Explained Why Retirement Funding? It wouldn’t be unfair to say that employees by far represent a company’s most valuable asset. Given this, employers find themselves in a position where they are …