© Master Builders KwaZulu-Natal 2017

It is important to have a retirement plan to provide for you in your old age. The sad reality however, is that when most people start to worry about their old age, it is late to do much about it. None of us want to be financially insecure when we are old. Yet most people will have to work for the rest of their lives just to keep body and soul together! It is therefore in your best interest to choose a retirement plan that can provide you with a monthly income until the very end, earn investment return (so that your money can grow) and cover the rising cost of living. There are many types of investments which build up capital or provide a monthly income when you retire.

KwaZulu-Natal Master Builders and Allied Industries Association can assist you in this regard as we are administrators of the KwaZulu-Natal Retirement Fund and Provident Fund.

We are able to assist you on Employee Benefit products and source a tailor-made solution through our accredited partners. Our aim is a customer who has peace of mind and who knows that informed advice is the key to professional financial planning.

We offer a Retirement Fund, a Provident Fund, and we run a Holiday Pay Stamp Scheme.

Please note that the benefits for both Funds are identical except that on retirement from the KZN Retirement Fund a member can take up to 1/3rd as a lump sum with the remaining benefit being used to purchase a monthly pension. For the KZN Provident Fund the member can take up to 100% as a lump sum.

The purpose of this Booklet is to provide you with a brief description of the benefits available under these Funds, including the Group life Assurance, Disability and Funeral Benefits.   This Booklet is only a guide, and your full rights under the Fund are governed by the formal Rules and Policies that are available to you upon request.  In addition, the Fund's latest Annual Financial Statements and the most recent valuation report may be inspected at 40 Essex Terrace, Westville or 184 Jabu Ndlovu Street, Pietermaritzburg.

In the event of any discrepancy between the Rules and this Booklet, the Rules of the Fund will prevail.

Please study this Booklet carefully so that you understand what the implications of being a member of the Fund are for you and your dependants.

Retirement Funds