Answer to a question from a reader

Can I loan money from my provident fund from 1 March 2024?

The short answer

No, this was announced in the recent budget speech.

The long answer


No, unfortunately not: the Minister of Finance has just announced that the first annual withdrawals that can be made from the savings pot of provident and pension funds would be from 1 September 2024.

Wishing you the best,

Answered on March 8, 2024, 1:51 p.m.

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