Can I ask for an early provident fund withdrawal?


Question:

My provident fund is taking longer than 2 months to pay out. Can I ask for a partial provident fund withdrawal on that money in the meantime?

Answer:

Mariska,

In theory, your money should stay invested (at least in cash) until just before your provident fund withdrawal,  so you should automatically receive interest until your provident fund pay-out. Whether this happens is another question. You need to follow up with your administrator to ensure you receive the interest due to you.

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.


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