Deputy pension funds’ adjudicator discusses housing related deductions from pension benefits.
Individuals looking for money to build or refurbish a house could get it form their pensions.
Pension and provident funds are a form of social security and therefore the Pension Funds Act allows funds to grant housing loans to its members.In terms of the act, provided the fund rules so permit, a fund may grant a loan to a member for the purposes of acquiring a house or property on which a dwelling will be erected for him or his dependants or effecting improvements to an existing dwelling.
Read Full Article at MoneyWeb.co.za
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment