When you leave your employer before retirement, you face important choices about your retirement savings. 

You can remain in your current fund as a paid-up member or transfer your savings to a new employer fund or a retirement annuity. Under the two-pot retirement system, limited withdrawals are allowed from the savings pot, while the retirement pot remains preserved until retirement. 

Members of older provident funds who did not opt into the two-pot system can still withdraw their full savings when leaving employment, subject to tax. Understanding your options helps you preserve long-term growth, minimise tax and align your retirement strategy with your career goals. 

Read more about what choices you have when leaving your employer.