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Provident fund members Restrictions from 01 March 20201

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While provident fund members were previously able to withdraw the entirety of their savings as a lump sum on retirement, they will now be restricted to withdrawing a third of their savings as a lump sum and using the remaining two-thirds to buy an annuity. JONATHAN SIERRA, EMPLOYEE BENEFITS CONSULTANT AT 10X INVESTMENTS explains
1 Mar 2021 9AM English South Africa Business News · Investing

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