What Happens to Your Retirement Savings When You Change Jobs

Want to know what to do with your pension when you leave a job? This webinar unpacks your options, the tax traps to avoid, and how to keep your retirement plan on track without losing momentum. Simon Brown is joined by 10X Investment Consultant Brett McKay to walk through the smart steps South Africans can take when switching jobs. 03:03 The main options when resigning – preserve, transfer, or withdraw 04:59 What to do if your new job doesn’t offer a retirement fund 06:32 The costly mistake of cashing out: a real-life example 10:29 What is a preservation fund and how does it work? 11:09 Key benefit: tax-free transfers when using a preservation fund 17:09 How fees (EAC) can silently destroy your long-term savings 20:18 Why asset allocation matters – and how index funds help 24:40 The Two-Pot System explained – what changes from September 2024 29:15 How to move your retirement money after leaving a job 31:28 Can you switch providers? Yes, and here’s what to watch out for Use our calculator and see how your retirement savings could grow over time. Enter your current preservation fund balance to project your future retirement value and discover the significant impact of our lower fees - https://www.10x.co.za/calculators/pre...