Invest and keep your pension money safe icon

Invest and keep your pension money safe

Your financial wellness journey begins when you start planning for what’s important.

If you are retrenched or you resign, you have to leave the employer’s pension or provident fund and stop your monthly contributions. The best thing you can do is to invest your retirement savings and keep it safe until you are ready to retire.

When you have the chance to change your future, you may change jobs and move from one employer to another, or even start your own business. It’s best to think wisely before you spend your retirement savings, because you will have to save more or longer to make back the money you spend.

metroman

Metropolitan is committed to protecting and growing your wealth. A little thought and some proper planning now can bring you welcome peace of mind in future. Let one of our financial advisers help you put a plan in place to take care of your life goal.

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0860 724 724

What solution can you choose to make your life goal real?

A preservation plan is a single payment investment designed to protect and grow your built-up retirement savings when you leave a company’s pension or provident fund. It is specially designed to preserve your savings until you reach retirement. You will continue to enjoy the tax benefits of a retirement fund and the law allows you to make one withdrawal before you turn 55.

Our preservation fund solutions
  • Pension Preservation Fund
  • Pension Preservation Fund (GEPF)
  • Provident Preservation Fund
Five good reasons to invest in our preservation plans
  1. You can choose one of five risk-profiled investment portfolios depending on your appetite for risk and the term of your investment.
  2. You can switch between some of the investment funds when your needs or circumstances change.
  3. You have one opportunity to withdraw all or part of your retirement savings before you retire. The amount depends on the rules of the fund. You cannot withdraw more than once from your retirement savings, even if you move to a different preservation fund.
  4. A preservation fund can also be used to safeguard your part of retirement savings from a divorce settlement.
  5. At the end of your term, you do not have to retire from the preservation fund. You can leave your retirement savings invested in the preservation fund for as long as you wish until you need it.
What retirement savings can you invest in a preservation plan?

Retirement savings from a pension fund can only be invested in a pension preservation fund.

Retirement savings from a provident fund can be invested in a pension preservation fund or a provident preservation fund or a single payment retirement annuity.

What are the benefits of these solutions?

What are the benefits of these solutions?

Single cash amount. The amount of money you invest that is transferred from another retirement fund to reach your life goal

Five risk-profiled funds to choose from (Including Smooth Bonus)

Fund switching

PENSION PRESERVATION FUND

From R50 000

Yes

Yes

PENSION PRESERVATION FUND (GEPF)

From R50 000

Yes

Yes

PROVIDENT PRESERVATION FUND

From R50 000

Yes

Yes

How do the benefits work?

Five risk-profiled investment funds

You can choose one of five risk-profiled funds that include the Smooth Bonus Fund (ranging from conservative to aggressive) to suit your savings needs. Your financial adviser will conduct a risk profile and recommend an appropriate fund selection based on your age, risk appetite and savings term. You may only invest in the Smooth Bonus Fund if your investment period is longer than five years.

Fund switching

This feature allows you to change funds if your circumstances or risk appetite change. You can make unlimited switches between funds. You may not switch out of the Smooth Bonus Fund.