Video Coming Soon
Video Coming Soon

Read about the Pension & Provident Preservation Funds account

Changing jobs? It’s tempting to cash in your pension, but doing so could come with big tax consequences and jeopardize your retirement goals.

Read More

Pension & Provident Preservation Funds

Last updated: May 28, 2025
trending_up

Interest Rate

Earn 1% back in eBucks when switching to FNB and Ashburton Funds.

bolt

Access to funds

You can withdraw a portion of it once before age 55, but you’ll pay tax. Also in special circumstances, e.g., emigration or disability.

calendar_today

Opening Deposit

The FNB Pension Preservation Fund and FNB Provident Preservation Fund has a minimum lump sum investment of R50,000.

monetization_on

Monthly Fees

No monthly admin fee.

Tax Implications

You won’t pay income tax or capital gains tax on the growth of your investment. However, any early withdrawal (e.g. before age 55) will be subject to taxation, potentially up to 36%. You also benefit from tax-free preservation, making this a strategic tool for long-term retirement planning.

Read about the Pension & Provident Preservation Funds account

Changing jobs? It’s tempting to cash in your pension, but doing so could come with big tax consequences and jeopardize your retirement goals.

Read More

What you need to apply

badge

South African Citizens

  1. Your South African ID
  2. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Valid Passport
  2. Proof of residence
    (not older than three months)
  3. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.

Savings Calculator



Interest Earned: R0.00

Total Savings: R0.00

What you need to apply

badge

South African Citizens

  1. Your South African ID
  2. Proof of residence
    (not older than three months)
public

Non-South African Citizens

  1. Valid Passport
  2. Proof of residence
    (not older than three months)
  3. Work/Resident permit
how_to_reg

Ways to apply

You can apply now on Buti.co.za, or alternatively, visit the bank’s website to apply through their platforms.