Are you changing jobs? Paul Roelofse, Independent Financial Advice, has some tips which come in handy when that day arrives.
Roelofse says when you move from one job to the next or if you are retrenched, there are important things to attend to before leaving your company which will guard your financial security.
When we move jobs we see [cashing in pension fund] as an opportunity and it’s a trap we fall into but the damage it does to future financial freedom is devastating.— Paul Roelofse, Independent Financial Advice
Roelofse adds that if you cash it in you will pay a lot of tax on it.
Listen to the audio below for more.