Preservation Fund FAQ

What is a preservation fund?

A preservation fund is a retirement fund in terms of the Pension Funds Act. It is a tax effective investment vehicle designed for individuals who wish to invest the proceeds of their company-sponsored retirement plan in a tax-efficient manner.You may transfer the proceeds of your pension or providen...

Can I make more than one withdrawal from my preservation fund?

I resigned and transferred my pension to an Old Mutual Pension Preservation Fund. Upon transfer I was told that I can make only one once-off withdrawal of after which I cannot withdraw again. I am unemployed and need money to pay my mortgage, before it is auctioned, and children's school fees. Can I...

How long after resignation does the GEPF take to pay out?

How long after resignation does the GEPF take to pay out pension money?

How much tax will I pay on my pension resignation benefit?

My pension resignation benefit is R2 173 774. If I resign at the age of 51, how much tax will I pay on the above mentioned figure?

Why can't I make a withdrawal from my pension fund?

I have invested my pension from a previous employer and I am in desperate need of the money now. I am not yet 55 years old and was told that I cannot make a withdrawal because of the rules of the tran...

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