Member Quick Guide

• Benefits of FundsAtWork Preservation Portfolio
• Contact Us In Event Of The Following
• Joining FundsAtWork Preservation Portfolio
• Benefit options Available On FundsAtWork Preservation Portfolio
• Changing your investment allocation
• Investment Options Available
• The Investment Allocation Change Process
• Claiming A Benefit

• Preserves your benefits until retirement, thereby allowing you to maintain your lifestyle after retirement
• Preserves your accumulated years of service
• Preserves any tax-free amounts
• Allows you to access your benefit in cash, prior to retirement, by means of a once-off partial or full withdrawal
• Allows you to transfer your benefit at a "future date" to a new employer
• Preserves your individual benefit inclusive of growth up to the age of 70 (maximum), according to your portfolio selection
• Preserves the benefit outside the estate in the event of your death
• Convenient member services are offered through our Client Contact Centre by calling 0860 65 75 85 or logging onto our website at www.fundsatwork.co.za Contact

• If your personal details change i.e. name, address, phone number etc.
• If your marital status changes
• If there are any changes to your nominated beneficiaries e.g. birth of a child
• If you retire or resign from your present employer
• If you wish to change your current investment allocation
• If you need assistance when changing your investment allocation
• If you have any queries on investments
• If you need support in understanding any aspect of the FundsAtWork Preservation Portfolio Contact

Example

• Mr Smith is 30 years old. He has been employed at Employer A for a period of 5 years and upon leaving receives a fund withdrawal benefit of R15 000.
• He then joins Employer B for a period of 3 years and upon leaving receives a fund withdrawal benefit of R10 000.
• He is currently employed at Employer C.

EmployerA

• Is a participating employer of FundsAtWork Preservation Portfolio.
• Mr Smith can transfer his benefit of R15 000

EmployerB

• Is a participating employer of FundsAtWork Preservation Portfolio.
• Mr Smith can transfer his benefit of R10 000.

EmployerC

• Is not a participating employer of FundsAtWork Preservation Portfolio.
• Mr Smith cannot transfer his withdrawal benefit in the event of his leaving Employer C.
• Prior to his withdrawal, he must ensure that Employer C fills out the Participating Employer Form.

• Benefits transferred from Employers A and B will be allocated and invested separately, but can be reflected or reported as a consolidated benefit in the FundsAtWork Preservation Portfolio.
• Members may be allowed one full or partial withdrawal per benefit transferred.
• The benefit from Employer C may only be transferred once Employer C's application to participate has been approved. Such approval should occur prior to date of resignation.
• Apart from the transferred benefits from Employer A, B or C, no other direct contributions may be made into the preservation fund.

Withdrawal Benefit Options

• Full withdrawal allowed at any age prior to retirement, provided that transferred amount was not reduced.* Benefit will be taxed.
• Partial withdrawal constitutes once-off withdrawal, subject to tax. The balance in the member account is locked in until retirement, ill-health early retirement or death.
• Transfer to another approved preservation fund or employer fund is allowed. Transferred benefit will not be taxed.**

Retirement Benefit Option

• Pension Preservation Fund: Up to 1/3 may be taken in cash and balance is to be used to purchase an annuity.
• Provident Preservation Fund: Entire benefit may be taken in cash, or alternatively can be applied in whole or part to purchase a compulsory annuity.
• Ill- Health Early Retirement: Entitled to withdrawal benefit if member is disabled and unemployed, or the member will be entitled to an ill-health early retirement benefit, should the trustees find him disabled.

Death Benefit

• Your fund benefit may be paid to your dependants and beneficiaries as indicated by you on the Beneficiary Nomination Form.
• The Trustees have a duty in terms of the Pension Funds Act to apportion your benefits fairly, between your dependants and nominees, at their discretion.

1. A deduction in terms of Section 37D of the Pension Funds Act. These deductions are:
   • Amounts owed by an employee in respect of housing loans or housing guarantees.
   • Damages caused to the employer as a result of fraud, theft, dishonesty or misconduct of the employee. The employee must admit liability in writing or the employer must have obtained a court judgment against the member.
   • With a member's consent, medical aid subscriptions and insurance premiums.
   • Such other deductions as the Registrar of Pension Funds may agree to.
2. A transfer of a portion of the benefit to a retirement annuity fund.
3. The payment of a portion of the member's benefit to a spouse in terms of section 7(8) of the Divorce Act.

• How much risk are you willing to take?
• Are you prepared to pay the allocation change fee of R150.00 plus VAT?
• Are you able/planning to access your benefit prior to retirement?

• Momentum Single Manager portfolios managed by Rand Merchant Bank Asset Management
• Momentum Multi-Manager Portfolios managed by Momentum MultiManagers
• Own Choice Portfolios and Unit Trust Portfolios managed by various asset managers

1. Mr Smith's benefit from Employer C is currently allocated as follows:
   • 50% in the Multi-Manager Aggressive portfolio
   • 50% in the Multi-Manager Balanced portfolio
   He changes his allocation as follows:
   • 100% in the Multi-Manager Balanced portfolio
   A fee of R150.00 plus VAT will be charged for the above instruction.
2. Mr Smith's benefit from Employer B is currently allocated as follows:
   • 50% in the Momentum Secure Bonus portfolio
   • 50% in the Momentum Money Market portfolio
   He changes his allocation as follows:
   • 100% in the Multi-Manager Balanced portfolio
   A fee of R150.00 plus VAT will be charged for the above instruction, even though the change is across asset managers.

1. Retirement saving account allocation change instruction to be sent to the Momentum Client Contact Centre.
2. After verifications, instruction sent through to asset manager to disinvest from and invest in relevant portfolios.
3. Asset manager carries out instruction and sends confirmation to FundsAtWork Preservation Portfolio.
4. Customer Assistance Agent sends letter to member, confirming that allocation change instruction is complete.

• Notify the Client Contact Centre

• The Client Contact Centre Agent will initiate the claim process, verifying any restrictions, to enable the completion of your request.
• You must submit a duly completed application form to the Client Contact Centre. In the event of your death, your dependants should initiate the claim process.
• The Client Contact Centre Agent will contact you, should there be any additional requirements such as outstanding supporting documentation or incomplete investment allocation change forms or queries on beneficiary nomination forms.
• The claim will be processed and paid according to your instruction.