What happens to your fund credit when you resign?
If you resign, are dismissed or retrenched, you can do one of the following with your Fund credit:
|1||Leave your money in the Fund. This is a new option available from 1 June 2018.|
|2||Take all your cash.|
|3||Move your money to a preservation fund.|
|4||Move your money to a retirement annuity.|
|5||Move your money to your new employer’s fund.|
Studies show that only 9% of retirement fund members have enough money saved to see them through retirement. This is mainly because members don’t preserve their retirement fund benefits when they change jobs.
Leaving your money in the Fund.
Some of the main reasons why you should consider leaving your money in the Fund:
Leaving your money in the Fund is easy and convenient.
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