Hey how is this I had to decide to transfer my fund or take the money so did a quick analysis had a lump sum 6 years ago I transfered together with the deposits for 6 years at a 10% interest rate based on the deposits ( without compounding it ) I would have had more money than I got in my fund statement by 40 000 rand thats before the tax of 36% If I had a bought a house with the same Money six years ago I would have been better off as the tax would only have been on the capital gain reason why, I used the same amount six years ago to by a holiday home which even in this depressed market has been valued at about 100 000 more than my provident fund statement.So come to the conclusion we are paying these provident fund commissions fees to these so called specialist investors for no reason we would be better off using all that money we pay them just to buy shares in the bank.Shares should be traded not collected and try take your provident fund money and keep it as cash see what you have to pay ( If you were a trustee where would your money be now ? shares or cash )
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