Voluntary Contributions

Additional Voluntary Contributions are pooled into Trustfund Pensions RSA Fund and, therefore, are invested and managed in the same rigorous manner as your regular pension contributions.

• An additional advantage, and a major difference from regular pension contributions, is that you are at liberty to decide the amount you wish to contribute, in addition to the frequency of the contributions; e.g. monthly, quarterly, bi-annually or annually.
• A contributor can only withdraw once after every two years on each contribution.
• Only 50% of the contribution shall be available for contingent withdrawal, the remaining 50% is fixed to the RSA balance.
• In addition to boosting your retirement funds, AVC can also serve as a form of targeted savings towards specific projects, such as, mortgages, children’s school fees or a dream vacation.

A contributor can withdraw from the balance standing to his/her Voluntary Contribution (VC) Account. However, income earned on any voluntary contribution made shall be subject to tax at the point of withdrawal where the withdrawal is made before the end of 5 years from the date the voluntary contribution was made.