FAQ Pension and Provident Funds

Pension and Provident Funds

Q Can my employer attach benefits if I owe the Company money?

The employer may not attach your pension, provident or retirement fund benefits except for very specific circumstances – such as where there has been fraud or theft, or where the loan has been taken out for the purposes of using it to buy or repair a home.

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Q Can I leave my fund benefits to anybody when I die?

s37C of the Pension Funds Act regulates the payment of Pension fund benefits.

Although you may nominate a beneficiary s37C allows your nomination to be overridden in favour of one or more of your dependents.

 

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