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How long is thewaiting period for provident fund pay-out?
Provided your tax affairs are in order, and you have submitted all the required documents (such as a copy of your ID, a completed instruction form stating where the money should go, and proof of banking details), it normally takes 14 to 21 business days
Read moreGeneral
What fees can 10X help me to avoid?
We charge one simple fee for the management of your investment.
Read moreLiving annuity
What is the difference between a guaranteed annuity and a living annuity?
A guaranteed annuity will provide an income that is guaranteed to last for your whole life (and your spouse’s, if applicable), but your heirs won’t be able to inherit whatever is left on your death.
Read moreWho should consider using a living annuity?
A living annuity can be an excellent choice for many retirees, but it's not suitable for everyone. Here are the key factors to consider when deciding if a living annuity is right for you.
Read moreCan I invest 100% of my living annuity offshore?
Yes, it's possible to invest 100% of your living annuity offshore. However, there are important factors to consider.
Read moreWhat is the difference between a preservation fund and a living annuity?
The Living Annuity is, an investment product. It transfers the risk and responsibility of securing an income for life onto your shoulders. In return, you have greater income flexibility and your heirs inherit your capital after your death.
Read moreHow is a living annuity taxed?
No tax is payable on amounts transferred into your living annuity and you do not pay tax on the investment returns you earn within your living annuity.
Read moreTwo-pot
Two-pot system brochures
To find out more about the two-pot retirement system, read the 10X brochure
Read moreWhat is the two-pot retirement system?
The two-pot retirement system allows you to access funds allocated in a savings component and a retirement component, referred to as “pots”.
Read moreWill I have to pay any administration fee to access money from the savings pot?
If you withdraw from your savings pot, you will have to pay an administration fee for every withdrawal you make from the savings pot. The administration fee will be R300 (excl. VAT) and will be deducted before applying for tax.
Read moreWho is the two-pot retirement system meant for?
The two-pot retirement system allows you to access funds allocated in a savings component and a retirement component, referred to as “pots”.
Read moreWill age be a factor in accessing my funds?
Yes, if you belonged to a Provident Fund or a Preservation Fund, remained in the same fund, and were 55 or older as of 1 March 2021, you are automatically opted out of the two-pot system.
Read moreWhat happens to my funds should I die?
Your beneficiaries will be able to access the benefits in all three components as either a cash lump sum retirement benefit or a compulsory annuity or a combination of both.
Read moreThings to keep in mind
You can only access your money from your savings pot, once every tax year.
Read moreHow can we 10X Your Future?
Begin your journey to a secure future with 10X Investments. Explore our range of retirement products designed to help you grow your wealth and achieve financial success.