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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Pension Fund

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Opinion Pieces

Understanding Preservation Funds

    A preservation fund is a savings vehicle into which you can transfer your retirement savings, from a retirement fund (pension or provident fund), with the aim of preserving funds for your financial well-being in retirement.  This vehicle is primarily used when people resign or change jobs, which then becomes a tax-free transfer from your existing retirement fund into a preservation fund of your choice. Preservation can either be […]

todayJuly 22, 2024 6

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Africa

South Africans uncertain about two-pot retirement system

The two-pot retirement system comes into effect on 1 September 2024 in South Africa. It allows people to withdraw a portion of their retirement funds before reaching retirement age. The rest will be preserved to sustain them post-retirement. However, many South Africans remain concerned as to how it will work and its impact. We asked Local Pension Fund Expert Arthur Kröhnert for his opinion on the matter.

todayApril 23, 2024 34

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