Question:

What happens to my retirement annuity when I resign from my job at 48 years?

Answer:

Olga, Irrespective whether you belonged to a Group RA scheme or took out the retirement annuity yourself, the retirement annuity is a savings product for individuals, registered in your name. If you resign / leave your employer, you have the option to keep contributing to the retirement annuity, if you can afford to, or you can make it paid-up (stop contributing). If you make it paid-up, you can may incur an early termination charge. You can claim your retirement annuity (paid-up or not), from age 55 only.