When you resign, abscond, are dismissed or retrenched from your employer and you decide to leave the Road Freight industry – your total vested retirement fund savings/fund credit will be paid out to you as a lump sum
When you exit the Fund you can:
Note on retrenchment
If you are involuntarily retrenched – the exit is seen as a retirement from the Fund and the benefit is paid as a retirement benefit.
The first R500 000 can be taken tax free.