Question:
i work for harmony gold south africa. Can I borrow money from my pension of thirty thousand rand how do i do it its urgent
Answer:
Rui Jose,
You are only permitted to borrow money from your pension fund if a) the fund rules permit this and b) the loan is for housing-related purposes (to purchase a home or settle a loan iro a property you and/or your financial dependants live in, refer to s19(5) of the Pension Funds Act for restrictions). You need to contact your HR department, to initiate this process.
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.
