Our tax-efficient solutions can help you make the most of your savings over the long term. Don’t be tempted to cash in your pension or provident fund savings when you are changing jobs or facing retrenchment.
To stay on track with your retirement goals, it is essential that you preserve and grow your accumulated retirement savings throughout your career. Transferring your retirement benefit to a preservation fund will allow your retirement savings to keep on growing tax free.
Our preservation funds provide a tax-efficient way to preserve your retirement savings if you are leaving your employer’s retirement fund.
No income, capital gains or dividend withholding tax is payable within the preservation funds, helping your retirement savings grow faster.
A once-off withdrawal at any time is permitted prior to retirement.
You can retire any time from age 55.
Complete our preservation fund application form to transfer your retirement benefit to the Ninety One Pension Preservation Fund or the Ninety One Provident Preservation Fund.
Select one or more funds from our range of funds.
The fund managers invest your money in a portfolio of assets such as equities, bonds, cash and listed property, based on your fund selection.
The investment is managed on your behalf according to the fund’s objectives, for example, beating inflation over a certain time period. This plays a key role in determining the return on your investment.
At retirement (from age 55)
*What are vested benefits?
Any provident fund or provident preservation fund value on 1 March 2021, plus future growth/fund return on this amount is referred to as a member’s “vested benefits”. The one-third rule does not apply to members’ vested benefits. Therefore, any member who has vested benefits in a retirement fund may take these in full as a cash lump sum at retirement. Please note that members of provident funds who were 55 or older on 1 March 2021, may have additional vested benefits. Members need to consult the administrator of their retirement fund for more information on their vested benefits.