Earn more on your retirement savings with preservation funds
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Earn more on your retirement savings with preservation funds
Preserve your savings and tax benefits previously earned by investing in other pension or provident funds.
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Preservation fund benefits

Transparency

Transparency

No hidden fees and terms.

Easy access

Easy access

One pre-retirement withdrawal allowed.

Tax benefits

Tax benefits

R25 000 tax-free withdrawal prior to retirement.

Convenient

Convenient

Simple online application, investment tools, statements and more.

What you need to know

  • What is it?

    • A flexible, cost-effective fund
    • Reliable and transparent, ensuring greater financial independence at retirement.
       

    What do you get?
     

    • Helps secure your future and grow your invested capital.
       

    Terms and conditions apply.*

     

  • Fees and charges

    Minimum lump sum investment:

    • R25 000

    Initial administration fees:

    • R0

    Annual administration fees:

    • First: R250 000 - 0,75%,
    • Next: R500 000 – 0,50%, 
    • Above: R750 000 – 0,25%

  • Tax implications

    • Withdrawals prior to retirement from the Savings component are subject to the individual's marginal tax rate (PAYE).
    • Any investment returns (dividend, income and capital gains) within the product is tax-free.
    • Any allowable amount taken as lumpsum may be liable for tax at prevailing South African Revenue Services (SARS) rates.
    • The portion of the investment used to purchase a Compulsory Annuity paying product will only be taxed on income payments.
    • Please consult a professional tax adviser to advise you on the tax implications.

  • How to apply

    To start investing, all you need to do is:


    1. Download and complete the forms below
    2. Email the forms to aimscc@absa.africa
    3. We'll get back to you as soon as possible
       

    Forms:

    One Investment form for Individuals

    One Investment form for Legal Entities

     

     

    Need something else?

    We have investments to suit your budget and goals. Visit the resources page for more.

Explore your options

Retirement Annuity

A versatile and tax effective investment vehicle to provide for your retirement years.
Investment options
Local/Offshore
Access to funds
Retirement
Contributions
Lump sum/Monthly
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Need more help?

Let one of our consultants help you get the best investments for your needs.

Contact us:

Call us on : 0860 000 005

Email us at : aimscc@absa.africa