Absa Small Business Provident Fund - Absa Logo Consultants and Actuaries

ABSA Home Employees Provident Fund
Benefit and Contribution Structure
PRINT this page Please note: The Absa Small Business (Home Employees) Provident Fund fees will change from 1 July 2015, starting from a minimum contribution of R200.00 p.m.

Plan
S1
S2
S3
S4
S5
S6
S7
S8
S9
Contribution p.m.
R200.00
R200.00
R272.00
R395.00
R545.00
R938.00
R1313.00
R1838.00
R2205.00
Death Cover
-
R10 000
R15 000
R25 000
R50 000
R75 000
R100 000
R150 000
R200 000
Capital Disability Cover
-
R10 000
R15 000
R25 000
R50 000
R75 000
R100 000
R150 000
R200 000
Funeral:
-
Member
-
R7 500
R10 000
R12 500
R12 500
R12 500
R12 500
R12 500
R12 500
Spouse
-
R7 500
R10 000
R15 500
R12 500
R12 500
R12 500
R12 500
R12 500
Child 14 - 21
-
R3 750
R5 000
R6 250
R6 250
R6 250
R6 250
R6 250
R6 250
Children 0 - 13
-
R2 625
R3 500
R4 375
R4 375
R4 375
R4 375
R4 375
R4 375
Total cost
R21.90
R44.75
R58.20
R79.77
R114.25
R140.25
R166.25
R218.25
R270.25
Net Retirement savings
R178.10
R155.25
R213.80
R315.23
R430.75
R797.75
R1146.75
R1619.75
R1934.75
S1 = Investment only


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