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If the company my husband works for is liquidates. How does his provident fund payout work?

Posted 23 September 2015

Kirsty says:
22 September 2015 at 8:45

If the company my husband works for is liquidates. How does his provident fund payout work. He has been with the company for 25 years and the total amount in the "kitty" both portions is R2 800 000. How can we work out how much we will actually get out if they liquidate. Can we apply for a tax directive?

TaxTim TaxTim says:
23 September 2015 at 17:37

The provident fund should be completely separate from the company and held by a bank or financial institution so should not affect your payout.

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