preservation funds
LifeCycle
PRESERVATION FUNDS
What are the LifeCyclePreservation Pension & Preservation Provident Funds?
The LifeCycle Preservation Funds (“the Funds”) are vehicles which are suitable if you have left an employer because of resignation or retrenchment and you wish to preserve the benefit that you have accumulated within your employer’s retirement fund in a tax-ecient manner. The Funds are legal entities which are each managed by a Board of Trustees who are appointed to control and oversee their operations.
Product Summary
If you transfer your benefit from an employer fund into a LifeCycle Preservation Fund then the benefit you will be able to access at retirement (from age 55) will be an accumulation of the transferred benefit(s) plus the investment returns achieved on your investment choice, less any fees and charges. You are not allowed to make regular contributions to a preservation fund but may transfer in benefits that have been accumulated in your previous employers’ retirement funds.