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Can I lend money from my pension fund?

Question:

I worked for Netcare; can I lend money from my pension fund with Alexander Forbes?

Answer:

You can only lend money from your pension fund for very specific purposes (essentially housing-related, as contemplated by s19(5) of the Pension Funds Act) and only if this is permitted by your general and/or special fund rules. You would have to consult your HR department, to make further inquiries.

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