Can I cancel my provident fund membership?


Question:

Can I cancel my provident fund,iv been wit the company for 1year,nd still with it,but I want to cancel it.. will I get my full payout?

Answer:

Bodwa, Participation in a company provident fund is not voluntary so you cannot cancel your membership. The only time you will have access to your benefit is if you leave the employ of the company.

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.


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