Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Should I put my provident fund into a fixed deposit or what?
The Citizen
|June 26, 2025
I am retiring at the end of December, although I will only be turning 65 on 21 April 2026.
The question: I have the option to take all of my provident funds, but I prefer to pay no costs and go the fixed deposit route, either with Aluma or Nedbank. What other options are available?
The answer: It is possible for you to withdraw the full provident fund value and invest it in a fixed deposit. However, to assist you in making an informed decision, I've provided some relevant information.
Potential benefits
By withdrawing your full provident fund value, the capital becomes discretionary in nature. This means that the capital is fully available to you at any time.
If you transfer your provident fund value (or a portion of it) into a life annuity or living annuity, the capital in the annuity won't be fully accessible as these products only pay out an income amount.
Dit verhaal komt uit de June 26, 2025-editie van The Citizen.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Citizen
The Citizen
Italy to face Northern Ireland in World Cup play-offs
Four-time World Cup winners Italy will face Northern Ireland in the semifinals of the European playoffs for the 2026 tournament while Ukraine face star-studded Sweden.
2 mins
November 21, 2025
The Citizen
'It took me 20 years to get out'
BROKEN: A WOMAN RECOUNTS HER HELL OF DOMESTIC ABUSE, VIOLENCE AND RECOVERY
3 mins
November 21, 2025
The Citizen
How do we even tackle GBV? Experts weigh in...
Brad Nathanson, private investigator, who has substantial experience in GBV cases In my experience, since the Gender-Based Violence Act came into effect and the issue became more widely discussed, I have seen no real benefit to women.
1 mins
November 21, 2025
The Citizen
'All-rounders the key for Proteas'
Having a handful of all-rounders in the squad makes things easier for team management, according to Proteas bowling coach Piet Botha, as the national side prepare for the series decider in the second Test against India in Guwahati starting tomorrow.
1 mins
November 21, 2025
The Citizen
Tshwane intensifies clean-up drive
City of Tshwane mayor Nasiphi Moya and MMC for environment and agriculture management, Obakeng Ramabodu, joined residents in Mamelodi yesterday for the Andries Tatane cleaning programme, aimed at restoring service delivery in townships.
1 min
November 21, 2025
The Citizen
'Mobland' from the maestro
ON SHOWMAX: DIRECTOR GUY RITCHIE OWNS LONDON GANGSTER UNDERGROUND ON FILM
2 mins
November 21, 2025
The Citizen
Cape Town's loss could be Soweto's gain
It’s ironic that the most disappointing moment in South African road running this year is going to provide a significant boost to the country’s most controversial race.
1 mins
November 21, 2025
The Citizen
Have a punt on these
There’s plenty of exciting sport to look forward to this weekend, with the focus on football, cricket and rugby.
1 mins
November 21, 2025
The Citizen
Venerable Opel comes up trumps with the all-new Grandland SUV
Everyone who's been around the block - in motor vehicle ownership terms, that is - has fond Opel memories.
2 mins
November 21, 2025
The Citizen
Manuel fears G20 snub
MIAMI 2026: TENSIONS RAISE RISK OF EXCLUSION FROM NEXT SUMMIT
2 mins
November 21, 2025
Listen
Translate
Change font size