How do I claim my pension fund from a previous employer?


Question:

I worked for a company from Jan 2008 until April 2010 when I resigned. I was contributing to a pension fund, but when I left nothing was said to me regarding pay-out. Can I claim this from the company? I don't even know what pension fund portfolio it is, because when I started working I was young and didn't know better. I was just told that I will be contributing to a pension fund.

Answer:

Mpho,

This money belongs to you. You need to get hold of your former employer (HR department) and inquire who administers the company's pension fund. You then need to get hold of that administrator and find out who is looking after your money - after two years, any unclaimed amounts of employees who have resigned are transferred to an unclaimed benefits funds. You then need to contact the administrator of the unclaimed benefits fund and inquire as to what you need to do to claim your money.

 

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.


Get investment and saving tips straight to your inbox.

Related FAQ

How do I top up my TFSA using My10X?

You can make a top-up to your 10X investment on our member portal, My10X. To access My10X visit...

Related FAQ

How do I top up my RA using My10X?

You can make a top-up to your 10X investment on our member portal, My10X. To access My10X visit http...

Calculator

How much do I need?

We can help you plan your future. Use our calculator to see if you are on track for a comfortable retirement.

RA Calculator

Get started or switch to 10X today.