Benefits

Resignation/ Dismissal/ Retrenchment Benefits

If a member leaves employment due to resignation or withdrawal before his / her retirement age he / she qualify to be paid a withdrawal benefit. A lump sum equal to his / her contributions plus interest as at date of resignation or dismissal plus an additional equal to the Employer nett contributions plus interest. The member portion only is subject to TAX

Requirements:

  • Notification of Withdrawal Form
  • Copy of ID
  • Last payslip with Year to Date values for members’ tax calculation
  • Member Contact Details
  • Clear Banking details (in the case that members were contributing in both USD and ZWL we require both USD and ZWL banking details)