Provident Fund

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.

Provident Fund was established to assist employees to save and plan effectively for retirement. This is a compulsory tax-free benefit that forms part of your 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%.

If you would like to keep up to date with your investment information and fund benefit, you may do so by using www.online.alexforbes.co.za.

For more information, access the Alex Forbes Member Benefits Booklet here.

You can also download the Alex Forbes Mobile Application, which can be used for easy access to 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 AF Connect here.


About the Fund

The provident fund is overseen by elected Trustees.

Need more information? Access the FAQ document here.


Investments

The Trustees, together with the fund's investment advisers, put together the Fund’s Investment Strategy.


Fund Performance

Track the performance of the NTT Data South Africa Provident Fund.

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.


​​Member Booklets

​​​​Know your Provident Fund and how it works. 

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.


Exit Options

What are the options available when exiting the fund?