company contribution

[snail]

If you resign, do you get the company contribution and your own, or do you only get your own contribution?

 

[MickeyD]

If you resign, do you get the company contribution and your own, or do you only get your own contribution?

I assume you are referring to your retirement (pension) fund?

You get both, i.e. the full amount that has already been invested on your behalf plus all the interest that it has already attracted (up until your departure date).

 

[Venomous]

Uncle SARS will take her cut before you get it

 

[MickeyD]

Uncle SARS will take her cut before you get it

... unless you commute it to another fund.

 

[stricken]

... unless you commute it to another fund.

which is what you should do.... unless you're planning on buying a maseratti and speeding off to vegas in an all or nothing attempt on your retirement.

 

[Wall]

I assume you are referring to your retirement (pension) fund?

You get both, i.e. the full amount that has already been invested on your behalf plus all the interest that it has already attracted (up until your departure date).

This. It is illegal for your company to not give, you company contributions., I am a employee rep on or pension fund board.

 

[HavocXphere]

@OP: Go read the contract.

... unless you commute it to another fund.

Just delays the inevitable.

 

[Wall]

@OP: Go read the contract.


Just delays the inevitable.

Contract doesn't matter. Its illegal

 

[Kosmik]

Contract doesn't matter. Its illegal

Yep. The funds are deposited into some form of retirement account during your work period, when you leave, they are yours however depending on the company and structure you most likely have to move the funds. Withdrawal will attract heavy taxation, movement to another fund or a preservation fund will leave your funds intact until the day of your retirement.

 

[snail]

Yep. The funds are deposited into some form of retirement account during your work period, when you leave, they are yours however depending on the company and structure you most likely have to move the funds. Withdrawal will attract heavy taxation, movement to another fund or a preservation fund will leave your funds intact until the day of your retirement.

I'm talking about a provident fund, not a pension fund.