New Job and Old Job provident fund

[wolverine_dcp]

Hi just a question i have been offered a job at another company doing SAP authorizations and security i am going to new company to discuss new salary and perks soon my question is do i take my provident fund and carry it over or use that money which i can pay off most of my debt and some of my bond and then bank the rest.
what would you do......

Thanks in advance

 

[Beachless]

Carry it over.

 

[PsyWulf]

Taxwise you'd benefit of preserving or transferring it

 

[SauRoNZA]

Never touch your future to alter your present.

Unless you can cover all your debt/bond with the 20% (as I recall) that is Tax free, then maybe that's worth considering.

But anything more than that would be a serious gamble with your future.

 

[wolverine_dcp]

Never touch your future to alter your present.

Unless you can cover all your debt/bond with the 20% (as I recall) that is Tax free, then maybe that's worth considering.

But anything more than that would be a serious gamble with your future.

Thanks will consider it......

 

[wolverine_dcp]

Forgot to mention i also have a Retirement Annuity

 

[OrbitalDawn]

You get shafted with tax if you take the money.

As I understand it you can't transfer a provident fund you had with one company to another. So you'll have to create a new one, while the old one you just leave to grow.

 

[wolverine_dcp]

You get shafted with tax if you take the money.

As I understand it you can't transfer a provident fund you had with one company to another. So you'll have to create a new one, while the old one you just leave to grow.

Thank you very much

 

[wolverine_dcp]

Thanks guys looks like carry it over the best idea