In line with section 37 of the Pension Funds Act, the trustees of the fund will distribute the proceeds, considering first the needs of their dependents and then the beneficiaries listed in their nomination form. It is thus important to fill in and update the nomination form annually. Their investment will be taxed on the same basis as on retirement.
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.
