How to claim when you resign or are retrenched
Should you resign or be dismissed, you will have the option to receive a cash lump sum equal to your Fund Credit. The benefit payable on retrenchment is identical to the benefit payable on dismissal or resignation. You may elect to take the benefit in cash or transfer the tax-free benefit either to an approved Provident Fund, Retirement Annuity and Preservation Provident Fund. Transfers to approved Pension Fund and Pension Preservation Fund will attract tax. Payment options You may take your full fund credit in cash, just remember that you will pay tax on a portion of the money.
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