Can I withdraw my provident fund from a previous employer?


Question:

I have worked for two security companies, namely TSS and now Venture TSS and Magnum Shield. I would like to know if I can withdraw my provident fund from these companies, because at the moment I'm working for G4S Cash Solutions.

Answer:

Tebogo,

Once you leave an employer, you are entitled to withdraw from their provident fund (provided you have not already transferred the balance to your new employer's provident fund, in which case you would have to wait until you left that employer, or you reached retirement age).

 

 

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

Can I combine a provident fund, preservation fund and retirement annuity fund to purchase one living annuity?

Can I combine a provident fund, a pension preservation fund and a retirement annuity fund for the pu...

Related FAQ

Can I claim retirement annuity contributions that I did not previously qualify for?

I have a question I've asked several advisors, but don't yet have a clear answer.I took out a Libery...

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.