Legislature has afforded pension benefits various protective safeguards in the Pension Fund’s Act.


1. Pension benefits cannot be reduced, transferred, ceded, pledged, hypothecated or considered to determine the debtor’s financial position for an amount exceeding R3,000. Essentially this means that your retirement annuity assets are protected from any and all creditors in excess of R3,000.


2. Pension assets are deemed not to form part of the insolvent estate.


3. Pension Benefits are deemed not to form part of the assets of the deceased estate.


4. Regulation 28 places restrictions on the manner in which the RA fund’s assets may be invested which avoids abuse or misuse of pension fund by persons dealing therewith.