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| Employee Benefits |
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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 too 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 Pension Fund, a Provident Fund, and we run a Holiday Pay Stamp Scheme. Please note that the risk benefits for both Funds are identical until 1 March 2021 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 could take up to 100% as a lump sum. With the retirement reforms introduced from 1 March 202, Provident Funds are now more similar to Pension Funds. Download Booklet in English. Brochure English (will email you) Download Booklet in isiZulu. Brochure Zulu (will email you) |