Retirement and wealth
Compare Preservation Funds in South Africa
A preservation fund is where a retirement benefit from an employer fund can be kept when you leave that job. It is not a new retirement annuity, and it is not cash in the bank. Pension preservation and provident preservation are different, and older vested rights do not follow one script.
Retirement investments can rise or fall in value. Fees, tax treatment and withdrawal rights depend on the product, the fund rules and the legislation. Information checked 28 October 2026.
Before you compare
- Coronation's file records a R50 000 starting amount from its preservation page. Other minimums were not verified.
- The published notes do not say which of these products are pension preservation funds and which are provident preservation funds. That split is left open.
- A withdrawal is not automatically available from the whole fund. Component, vested rights and tax all matter.
Compare providers
7 products on this page. The provider name links to the WiT Money profile. The gold button opens the recorded website. It is not an application.
7 of 7 products, in name order. A minimum that was not checked stays in the list. It is not treated as zero, and nothing is sorted by fee.
- 10X Investments. No official logo is shown.
10X Investments — Preservation Fund
Provider / investment platform
Preserves transferred employer pension/provident savings; fund type matters
- Transfer minimum
- Confirm the current minimum with the provider.
- Costs
- Full costs depend on the selected funds, the amount and any advice. Review the current disclosure.
- Access
- Vested, savings and retirement component rights depend on transfer history
Confirm whether monthly contributions, lump sums or transfers are available.
Advantages
- Transparent published investment approach
- online access
Considerations
- Investment risk
- published fees vary by fund, balance and promotion
Not guaranteed; market and longevity risk Not applicable — investment returns not guaranteed
Notes checked 28 October 2026. Confirm the current minimum, fees and fund rules with the provider. No FSCA registration is shown as confirmed on this card.
Allan Gray — Preservation Fund
Provider / investment platform
Preserves transferred employer pension/provident savings; fund type matters
- Transfer minimum
- Confirm the current minimum with the provider.
- Costs
- Full costs depend on the selected funds, the amount and any advice. Review the current disclosure.
- Access
- Vested, savings and retirement component rights depend on transfer history
Confirm whether monthly contributions, lump sums or transfers are available.
Advantages
- Investment choice
- established SA manager
Considerations
- All-in cost depends on selected investments and adviser
- access restrictions
Not guaranteed; market and longevity risk Not applicable — investment returns not guaranteed
Notes checked 28 October 2026. Confirm the current minimum, fees and fund rules with the provider. No FSCA registration is shown as confirmed on this card.
Coronation — Preservation Fund
Provider / investment platform
Preserves transferred employer pension/provident savings; fund type matters
- Transfer minimum
- R50 000. R50,000 (official preservation page)
- Costs
- Full costs depend on the selected funds, the amount and any advice. Review the current disclosure.
- Access
- Vested, savings and retirement component rights depend on transfer history
Confirm whether monthly contributions, lump sums or transfers are available.
Advantages
- No initial/account/admin fees on selected products
- fund options
Considerations
- Underlying fund fees
- unit trust selection and retirement restrictions
Not guaranteed; market and longevity risk Not applicable — investment returns not guaranteed
Notes checked 28 October 2026. Confirm the current minimum, fees and fund rules with the provider. No FSCA registration is shown as confirmed on this card.
Discovery Invest — Preservation Fund
Provider / investment platform
Preserves transferred employer pension/provident savings; fund type matters
- Transfer minimum
- Confirm the current minimum with the provider.
- Costs
- Full costs depend on the selected funds, the amount and any advice. Review the current disclosure.
- Access
- Vested, savings and retirement component rights depend on transfer history
Confirm whether monthly contributions, lump sums or transfers are available.
Advantages
- Wide retirement and income solutions
- additional conditional benefits
Considerations
- Complex product benefits/qualifications
- confirm layered charges
Not guaranteed; market and longevity risk Not applicable — investment returns not guaranteed
Notes checked 28 October 2026. Confirm the current minimum, fees and fund rules with the provider. No FSCA registration is shown as confirmed on this card.
- Liberty. No official logo is shown.
Liberty — Preservation Fund
Provider / investment platform
Preserves transferred employer pension/provident savings; fund type matters
- Transfer minimum
- Confirm the current minimum with the provider.
- Costs
- Full costs depend on the selected funds, the amount and any advice. Review the current disclosure.
- Access
- Vested, savings and retirement component rights depend on transfer history
Confirm whether monthly contributions, lump sums or transfers are available.
Advantages
- Established retirement fund structures
- advice channels
Considerations
- Current living annuity offering not independently verified here
- fee detail missing
Not guaranteed; market and longevity risk Not applicable — investment returns not guaranteed
Notes checked 28 October 2026. Confirm the current minimum, fees and fund rules with the provider. No FSCA registration is shown as confirmed on this card.
- Momentum. No official logo is shown.
Momentum — Preservation Fund
Provider / investment platform
Preserves transferred employer pension/provident savings; fund type matters
- Transfer minimum
- Confirm the current minimum with the provider.
- Costs
- Full costs depend on the selected funds, the amount and any advice. Review the current disclosure.
- Access
- Vested, savings and retirement component rights depend on transfer history
Confirm whether monthly contributions, lump sums or transfers are available.
Advantages
- Advice-led fund/income options
- broad selection
Considerations
- Layered fees and conditions
- some products require advice
Not guaranteed; market and longevity risk Not applicable — investment returns not guaranteed
Notes checked 28 October 2026. Confirm the current minimum, fees and fund rules with the provider. No FSCA registration is shown as confirmed on this card.
- Sygnia. No official logo is shown.
Sygnia — Preservation Fund
Provider / investment platform
Preserves transferred employer pension/provident savings; fund type matters
- Transfer minimum
- Confirm the current minimum with the provider.
- Costs
- Full costs depend on the selected funds, the amount and any advice. Review the current disclosure.
- Access
- Vested, savings and retirement component rights depend on transfer history
Confirm whether monthly contributions, lump sums or transfers are available.
Advantages
- Range including index funds
- investor choice
Considerations
- Fees differ by underlying investments
- market volatility
- product rules
Not guaranteed; market and longevity risk Not applicable — investment returns not guaranteed
Notes checked 28 October 2026. Confirm the current minimum, fees and fund rules with the provider. No FSCA registration is shown as confirmed on this card.
Compare selected products
Choose up to three on this page. Costs are not added into one Effective Annual Cost, and nothing is ranked.
No products selected.
Not shown as a current product
These names stay off the comparison until the product documents are checked. No fee or minimum is shown for them.
Old Mutual — Preservation Fund
Specific offerings, rates and fees are not published until official product documents are checked.
Sanlam — Preservation Fund
Specific offerings, rates and fees are not published until official product documents are checked.
Estimate how savings could grow
How this works
Why people use one
Leaving a job can create a choice between taking cash, moving the benefit to a new employer's fund, or moving it to a preservation fund. Taking cash can shrink what is left at retirement. This page does not calculate the tax on that cash.
Vested rights
Benefits that built up before the two-pot system, and older provident-fund rights, can follow different cash and annuitisation rules. Those rights still have to be checked member by member.
Two pots on a transfer
Savings, retirement and vested components can move with a transfer. A transfer between qualifying funds is not the same event as a withdrawal. The tax outcome is not estimated here.
Costs
A retirement product can charge for administration, for the underlying investment, and for advice. An Effective Annual Cost depends on the amount, the term and the funds chosen. Those disclosure documents are not reproduced here, so this page does not invent an EAC or add a fund fee on top of one. Where the card asks you to review the current disclosure, that is the whole cost position.
Tax, in outline
For the 2027 year of assessment, the contribution deduction used on this site is 27.500000000000004% of the relevant income, capped at R430 000. That cap is not an automatic deduction. A savings-component withdrawal, another fund withdrawal, a retirement lump sum and income from a living annuity follow different SARS rules. A savings-component withdrawal is not tax-free. This page does not run one tax table across all of them.
Questions
Questions readers ask
Do I get one free withdrawal of the whole fund?
No. That older shorthand does not describe every member after 1 September 2024. What you can take depends on the component and on rights that were already vested.
Is a preservation fund the same as a retirement annuity?
No. A preservation fund receives a benefit you already have. A retirement annuity is where you make new contributions. The fees and the fund rules are separate.
Why is there no withdrawal-tax figure?
A tax directive depends on the amount, your previous lump sums and the current SARS tables. Those inputs are not on this page, so no tax is invented.
Related
Sources
Page updated 28 October 2026. A source date is the day WiT Money checked that page, not a promise the institution has not changed it since.
- Budget 2026 tax guide
South African Revenue Service · checked 28 October 2026
- Financial Sector Conduct Authority
Financial Sector Conduct Authority · checked 28 October 2026
- Rates of tax for individuals
South African Revenue Service · checked 28 October 2026