MONEYWEB
app instead?
SUBMIT YOUR QUESTION HERE
SHARES
And what are the pros and cons of both?
By Eric Jordaan
23 Feb 2021
00:10
Could you please compare the cost of a purchase of service from the GEPF [Government Employee Pension Fund] versus a retirement annuity [RA]? For example, maybe someone wants to buy an additional five-year purchase of service than taking out retirement annuity because the person started contributing to a pension fund late. What are the pros and cons?
To start, I think it is important to have a good understanding of the two types of retirement funds.
Government Employee Pension Fund (GEPF)