Site url: https://www.momentum.co.za/momentum/retail-funds-trustee-newsletter-2019/know-the-rules
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#knowtherules

Like a machine needs to be well-oiled to run smoothly, when certain rules are in place, they can create a platform for transparency and efficiency for all involved.

To keep you actively involved in your retirement planning, below is a summary of the most important changes to our retirement fund rules in the past year:

Momentum retirement annuity fund


Members can transfer their benefit from their pension or provident fund into a retirement annuity after reaching their retirement date in that fund.

Momentum offers retirement benefit counselling for all fund members, which includes information about the fund’s trustee-selected annuity.

Momentum Pension and Provident Preservation Funds


Members can transfer their benefit from a pension or provident fund into a preservation fund after they have reached their retirement date in that fund. In this case, a once-off preretirement withdrawal will not be allowed on the retirement benefit transferred.

Members of a pension preservation fund who have already used their one pre-retirement withdrawal and then emigrate before retirement, can take the balance of their benefit in a lump sum due to their emigration.

Momentum offers retirement benefit counselling to all fund members, which includes information about the fund’s trustee-selected annuity.

Read the rules

Momentum Pension
Preservation Fund Rules

Momentum Provident
Preservation Fund Rules

Momentum Retirement
Annuity Fund Rules

In case you missed it

Find all our latest and previous newsletters, all under one, easy-to-find space, for your convenience.

Retirement Funds Trustee Newsletter 2018

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