IMPORTANT: Retirement reform Provident Fund - changes effective 1 March 2021

The government recently made some changes to tax laws regarding what you can do with your money when you retire from a provident fund. The changes only affect you if you are younger than 55, and if you are going to be retiring from your retirement fund. The changes do NOT affect you if you are 55 or older on 1 March 2021, or if you are resigning from your job.

“What does this mean for my retirement savings?”

For a detailed explanation and examples to help better understand these changes and what the implications are for your retirement benefits click here.

For more information and to access the FAQ's click here.

The Provident Fund was established to assist employees to save and plan effectively for retirement. This is a compulsory tax free benefit which forms part of your monthly remuneration package. You can select a contribution rate of between 5% and 27.5% but it is recommended that you select the highest contribution rate you can afford but at least a minimum of 12.5%. 


Provident Fund

To view your provident fund savings, please register your account via the Alex Forbes website. For more information on how to check your savings, click here.

Update Beneficiary & Nominees Form

Please ensure you update your Beneficiary & Nominees form regularly, ensure the forms are completed fully with all supporting documentation and given to your HR person for submission. Do not submit directly to Alexander Forbes.

Member Booklet

To understand and know how your Provident Fund and how it works for you, click here.

Planning for your retirement is an important aspect of your working life. The company, the Trustees of the Fund, the Fund administrators and other experts who work hand in hand with the Trustees make it their responsibility to make sure you are given as much information as possible surrounding your retirement.

Mobile Application

You can also download the Alexander Forbes Mobile Application, which can be used for easy access to view your fund values and annual benefit statements on a daily basis, as well as some tools to assist you with budgeting, planning for retirement, tax issues, etc. You can find out how to download the app or how to register for AFOnline here.

Investment Portfolio

Track the performance of the Dimension Data Group Fund with the Quarterly Report as well as the Fund Fact Sheet. 

Exit Options

Understanding your options below when leaving and retiring from the fund and/or company.