Why you need this plan
Preserve Retirement Funds
Grow your retirement savings by preserving your pension and provident funds on resignation, dismissal, or retrenchment.
No interruptions
Your retirement savings are not interrupted as it preserves all your contributions to date and your investment growth is tax-free.
Safely increase your savings
Grow your retirement savings safely as you progress through your career and change jobs and retirement funds.
Avoid paying additional tax
If you cash in your pension and provident fund, you could pay tax of up to 36%, depending on the amount withdrawn.
Nominate beneficiaries
Select who will receive the money in the FNB Preservation Fund in the event of your death, subject to the Pension Funds Act and trustees.
Transfer savings with ease
You can transfer your retirement savings into an FNB Living Annuity or FNB Lifetime Income Plan to provide you with a regular income when you retire.