• Vested component

You can take all the cash subject to tax.

Or use the full amount or portion to purchase an annuity to provide you with an income in retirement.

• Non-Vested component

You can take up to 1/3rd of your money in cash subject to tax. You must use at least 2/3rds of your money to purchase an annuity to provide you with an income in retirement.

• Savings component

You can take the full amount in cash (subject to tax) or use this or a portion towards purchasing an annuity to provide you with an income in retirement.

• Retirement component

You must use your entire amount in your retirement pot to purchase an annuity that will provide you with an income in retirement.

If the full amount in your Retirement component plus 2/3rds of the Non-vested component is below R 165 000, you can take the entire amount in cash, subject to tax.

It’s a big decision and there is a lot to consider - we suggest getting good financial advice to make an informed decision