Overview

Preservation Plans

Changing jobs? Retrenched? Or simply taking a break? Don’t spend your hard-earned retirement savings. Transfer your pension or provident fund savings to a Metropolitan Preservation Plan until you retire. Here's how it works:

A preservation fund is specifically designed to receive and grow your pension or provident fund savings when you leave your employer before retirement.

You don’t pay tax on the transfer.

If your retirement savings is in a pension fund, you’ll transfer it into Metropolitan’s Preservation Pension Plan.

 

If your retirement savings is in a GEPF pension fund, you’ll transfer it into Metropolitan’s Preservation Pension (GEPF) Plan.

If your retirement savings is in a provident fund, you’ll transfer it into Metropolitan’s Preservation Provident Plan.* 

You can take one withdrawal before you retire, subject to certain conditions.

Overview

What makes a preservation plan a good option?

Let's take a closer look at the benefits of a Metropolitan Preservation Plan.
Protect and grow
You can protect and grow your built-up retirement savings when you switch employers.
Make a choice
You have different investment funds you can choose from.
Enjoy tax benefits
You don’t pay any tax on the growth on your investment.
Mix it up
You can switch funds in your portfolio as and when you need to.
Make one withdrawal
You can make one partial or full withdrawal from the preservation plan before a certain age as defined by the transferring fund's rules.
Stay invested
You don't have to "retire" from the plan when you stop working; you can leave your savings invested for as long as you want to and continue to grow your money.
Frequently Asked Questions
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