When you retire you are allowed to access your money. It is best to speak to a certified financial planner BEFORE taking the money to get advice on all of the options available to you to access the money and advise you on how best to plan with and invest your money.

When you move to another job, you should speak to a certified financial planner before you decide to withdraw money from a company investment fund. You are able to transfer funds from one company fund to another with no penalty, but if you choose to draw your money as cash you might end up with no money for retirement and you will be taxed on your withdrawal.

You can choose to transfer your retirement savings to a retirement annuity, preservation fund or even to your new employer’s retirement fund. If you choose to transfer your savings to these funds your savings won’t be taxed and your savings will continue to grow.