Hypothetically speaking, if I were to change jobs tomorrow, what to do with my existing provident fund with my current employer. I also have an RA that I'm funding on the side.
So, my options...
1. Leave the funds with the existing financial institute, essentially converting the provident fund into an RA with a lump sum payment.
2. Transfer the funds as a lump sum to my existing RA.
3. Transfer the funds into my new provident fund with the new employer (not sure if this will be possible/allowed though, will still find out).
I'm leaning towards option 2, as I don't really want to have a third fund.
Thoughts?
Oh, and paying it out to me as a lump sum is out of the question. It has to go straight into another fund.
So, my options...
1. Leave the funds with the existing financial institute, essentially converting the provident fund into an RA with a lump sum payment.
2. Transfer the funds as a lump sum to my existing RA.
3. Transfer the funds into my new provident fund with the new employer (not sure if this will be possible/allowed though, will still find out).
I'm leaning towards option 2, as I don't really want to have a third fund.
Thoughts?
Oh, and paying it out to me as a lump sum is out of the question. It has to go straight into another fund.
