ABSA Small Business Provident Fund - Contribution Structure - Print page - 2013/2014

Consultants and Actuaries

ABSA Small Business Provident Fund
Benefit and Contribution Structure
PRINT this page Please note: The Absa Small Business 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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