Retirement savings are supposed to provide you with an income for when you no longer can work.  The Government also encourages people (by providing tax ben...

A pension-backed home loan (as per the Pension Funds Act 19 (5) (a) and 37D) is an alternative form of housing finance where your retirement fund savings is...

Your retirement savings and any insured benefit (if applicable) would be distributed to your beneficiaries in terms of section 37C of the Pension Funds Act....

Retirement funds are legally not empowered to allow pre-retirement withdrawals.   This means that you do not have access to your retirement savings while w...

You can update your beneficiary details by completing a nomination of beneficiary form and ensuring the information remains up to date at all times.  Th...

The following options are available: •    Remain a paid-up member of the Fund (no tax payable) •    Transfer into a preservation fund (no tax payable) ...

Ideally, it would be best if you started as early as possible.  The sooner you begin saving, the more time your money has to grow. Each year's gains can...

An IRP5 is the employee's tax certificate issued to him/her at the end of each tax year detailing all employer/employee related incomes, deductions and ...

Pensionable salary A pensionable salary is the salary that your contributions to the retirement fund are based on – the pensionable salary may be different...

FICA came into effect on 1 July 2001 to fight crimes such as money laundering, tax evasion, and other unlawful financial activities.  FICA also aims to ...