Yes, but it's heavily taxed and reduces your long-term growth. Preservation is usually better.
Up to one-third as cash. The rest goes into a retirement annuity unless the value is below R247,500.
The spouse can claim a 'pension interest' by court order. It can be paid out or transferred tax-free.
Each has separate GEPF benefits. The surviving spouse may get a spousal pension.
Yes, via full transfer to an approved provider. GEPF doesn’t allow partial transfers.
In GEPF: spouse and minor children. In private funds: nominated beneficiaries.
No. You must move to an approved new fund of your choice.
Yes, once before 55. It is taxed but helpful in emergencies.
Life annuity: fixed income, no inheritance.
Living annuity: flexible, allows inheritance.
Every year or after major life changes (marriage, kids, death, divorce).
Sponsored by
© 2025 South Africa Pension Guide. All rights reserved.