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#knowtherules


Like a machine needs to be well-oiled to run smoothly, when certain rules are in place, they can create a platform for transparency and efficiency for all involved.

To keep you actively involved in your retirement planning, below is a summary of the most important changes to our retirement fund rules in the past year:


Momentum Retirement Annuity Fund

  • Members can transfer their benefit from their pension or provident fund into a retirement annuity after reaching their retirement date in that fund.
  • Momentum offers retirement benefit counselling for all fund members, which includes information about the fund’s trustee-selected annuity.

Momentum Pension and Provident Preservation Funds

  • Members can transfer their benefit from a pension or provident fund into a preservation fund after they have reached their retirement date in that fund. In this case, a once-off pre-retirement withdrawal will not be allowed on the retirement benefit transferred.
  • Members of a pension preservation fund who have already used their one pre-retirement withdrawal and then emigrate before retirement, can take the balance of their benefit in a lump sum due to their emigration.
  • Momentum offers retirement benefit counselling to all fund members, which includes information about the fund’s trustee-selected annuity.

Read the rules

Momentum Pension Preservation Fund Rules

Momentum Provident Preservation Fund Rules

Momentum Retirement Annuity Fund Rules

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