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Business
How long does provident fund pay-out take after dismissal?
This will depend on the efficacy and motivation of the administrator. Provided your tax affairs are in order, with 10X it normally takes 14 to 21 business days for provident fund pay-out if you have submitted
Read moreHow will I be taxed if I withdraw my pension fund?
You can only encash your pension fund if you withdraw (as opposed to retire) from your fund. If you retire, you can only encash up to one-third, with the balance you must purchase an annuity.
Read moreHow do I go forth to get my MIBFA provident fund paid out?
Rather than going forth, you should go first to your HR department and request an exit or withdrawal instruction form, which you must complete and return to HR, together with any required supporting documentation.
Read moreCan I claim UIF from a previous employer?
In principle, you cannot claim UIF unless you lost your job involuntarily.
Read moreShould I resign or retire early from my pension fund?
If you retire early due to ill health from a pension fund, you will be compelled to buy an annuity with two-thirds, but you will pay less tax on the one-third cash lump sum than if you resign.
Read moreHow long does provident fund payout take if my employer is being liquidated?
If the company's liquidation resulted in the provident fund also being wound up, it can take quite a while before you receive the payout, possibly six months or longer.
Read moreGeneral
Can I lend money from my pension fund?
You can only lend money from your pension fund for very specific purposes (essentially housing-related, as contemplated by s19(5) of the Pension Funds Act) and only if this is permitted by your general and/or special fund rules.
Read moreHow long does SARS take to complete taxation on my pension?
It normally takes 14 to 21 business days for the funds to be paid out
Read moreLiving annuity
What is the performance record of the 10X Living Annuity?
We have only just launched the living annuity, but it uses the same investment portfolios as our retirements funds (our High, Medium and Low Equity portfolios).
Read moreRetirement annuity
Do you pay tax on a retirement annuity?
Even though retirement annuities are tax-efficient investment vehicles, there are instances whereby you would be liable to pay tax on the proceeds of your annuity.
Read moreWho should consider using a retirement annuity?
It’s never too early or too late to start saving for your retirement.
Read moreTax-free savings account
How do I make a withdrawal from my 10X TFSA?
Please note that redemption instructions for contributions received via debit order will only be processed after 45 days from debit order date.
Read moreUnit trusts
Can I transfer from a retirement annuity to a unit trust?
he law does not allow you to transfer your money from a retirement annuity to a unit trust.
Read moreHow can we 10X Your Future?
Begin your journey to a secure future with 10X Investments. Explore our range of retirement products designed to help you grow your wealth and achieve financial success.