Empowering you to make good money decisions
An ASISA initiative
Subscribe
Search
Search Results
Hot topics
Videos
Watch and learn
Planning for life
A good financial footing
Settling down
Mid-life
Your own small business
Getting financial advice
Estate planning
Debt
Working with credit
Managing debt
Saving and Investing
Investment basics
Getting to know your manager
Sustainable investing
Collective Investment Schemes
Unit Trusts
Exchange Traded Funds
Hedge Funds
Insurance
Insuring your life
Disability Cover
Income Protection
Severe Illness Cover
Funeral Cover
Group Life Cover
Credit Life Cover
Healthcare cover
Retirement
Getting to retirement
At retirement
Tax
Taxes we pay
Tools and calculators
Financial health check
Budget planner
Debt repayment calculator
Savings goal calculator
How much will my savings grow calculator
Fund classification tool
Tax deductible retirement fund contributions calculator
Living Annuity Drawdown Calculator
Home
Retirement
Getting to retirement
At retirement
Getting to retirement
Why should I save for retirement?
What is a retirement fund?
Infographic: How does a retirement fund benefit me?
Who are the role players in your retirement fund?
What are the different retirement funds I could save in as an employee?
How do retirement annuities allow me to create my own retirement savings?
What is the difference between a contractual and a flexible retirement annuity?
What is an umbrella retirement fund?
What are the tax advantages of contributing to a retirement fund?
Infographic: Three tax advantages of a retirement fund
How are my retirement savings invested?
How much do I need to save for retirement?
What should I think about when planning my retirement savings?
What happens to my savings in an employer-sponsored fund if I leave my employer?
Why is withdrawing from my retirement fund a bad idea?
Can my retirement fund give me, or help me get, a loan?
Can any money be deducted from my retirement savings?
What happens if an employer fails to pay my retirement fund contributions to my fund?
What happens to my retirement savings if I die before retirement?
How can I find out if I am owed any unpaid benefits from a retirement fund?
Test your knowledge on saving for retirement with our quiz
Test your knowledge on saving for retirement with our quiz
Test your knowledge on saving for retirement with our quiz
1. Which statement is not true about a retirement fund:
Retirement fund are governed by a board of trustees.
Retirement funds must be registered with the Financial Sector Conduct Authority and with the South African Revenue Service.
Retirement funds can be controlled by your employer.
The rules of a retirement fund are binding on trustees and members.
2. Which of the following statements is correct.
Your contributions to a retirement annuity are tax free.
Your contributions to a provident fund are tax deductible up to certain limits.
Your contributions to a retirement fund are limited to 27.5% of your income.
Your contributions in a retirement fund can grow tax-free up to certain limits.
3. If you die before retirement, your retirement savings will be:
Distributed to other members of the fund.
Given to the people who most need the money in your family.
Distributed however the trustees your fund think best.
Distributed to your dependants and any one else you nominate equitably and fairly as determined by the trustees of your fund.
4. Which statement is true?
You should always withdraw as much as you can from you retirement fund when you leave a job.
You should always withdraw the tax-free amount from a retirement fund when you leave a job.
You should try to never withdraw your savings from a retirement fund when you leave a job.
If your retirement savings are low, they are not worth preserving when you leave a job.
