The Wealth Room


Preservation Funds

What is a preservation fund? If you have been investing into a Pension or Provident fund through an employer, and have to leave the fund due to whatever reason, and you move to a new employer that doesn’t offer a pension or provident fund for you to transfer your funds to, you will have to then transfer the funds to a Preservation Fund. A Preservation Fund does exactly what the wording says it does, it allows you to preserve and grow your investment until you reach retirement age, without losing the huge tax benefit that you gained through the pension or provident fund. The great thing about the preservation fund is that the return on the investment is also not taxed. How do you Invest in preservation funds The only way you will have access to a preservation fund is by

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