Question:
I. Just. Turned. 60. At what age am I allowed to retire or withdraw from my fund and how. Much is it and what are the. Processes
Answer:
Raymond,
You are allowed to retire or withdraw from your pension or provident fund from age 55 onward, but only if you leave your employer (unless your money is in a preservation or RA fund). You need to get hold of a withdrawal notification form from your HR department, complete this and return with required supporting documents (proof of banking and ID) to your HR department, who will counter-sign and forward to the fund administrator for processing. We have no idea how much money you have saved. if you are a 10X client, check your benefit statement, otherwise contact your responsible fund administrator.
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.
