Can I make a second preservation fund withdrawal?

Question:

I have money in a Sanlam Preservation Fund. I have made one withdrawal, but need some more funds released. Can I make a second preservation fund withdrawal?

Answer:

Yumagasen

You cannot make a second preservation fund withdrawal, unless you have reached age 55, or your preservation fund holds the proceeds of more than one retirement fund.

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.

Category: Preservation Fund

Topic: Customer Questions

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