Individual Security Services

Preservation Fund

A preservation fund comes from either a provident fund or a pension fund. It allows you to park your retirement money from your employee when you change jobs to ensure growth and seucre your retirement.

Investment Term

Minimum until the age of 55.

Risk

Dependant on the individual’s risk appetite.

Liquidity

Not Liquid.
Allowed one withdrawal prior to retirement

Tax

At retirement ,the first R500,000 is tax free.

Inflation

Has a record of beating inflation.

Why Get a Preservation Fund?

A provident fund ensures the money you have saved whilst at your employer is not squandered and used before retirement. Think of it as you looking after your future self.

Retirement Annuity Benefits

Tax Deductible

Retirement annuity and pension fund contributions in South Africa are tax deductible up to certain limits.

Retirement Income

This investment will ensure that you have an income during your retirement.

Retirement Annuity Term

The minimum age you can access your retirement annuity funds is at the age of 55. This means the minimum term is dictated by the age in which you take out your investment.

SMB Finance - About the Author - Sheldon Botes

If you are keen to meet up and chat about what your possible options are give me a call or whatsapp me and I will call you back.

WhatsApp or Call

+27 72 374 6867

Email

sheldon@smbfinance.co.za

Get Advice

To learn more about what your investment options are then get in touch. If you are not comfortable filling out the form below, then feel free to phone or email me.

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