Question:
my grandfather was working for transnet and he retired in 1975 and he was riceiving pension fund every month his spouse past on and he past on this year is his pension money going to be paid out to his children.
Answer:
Linhle, No, such retirement pensions do not pass down to the children - they are ONLY meant to provide for pensioners (past employees and their spouses). If it were otherwise, we could all stop working and live off our parents' pension when they pass on.
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.
