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Why you should not cash out your pension fund early

One in three South Africans believes that the government will look after them when they retire.

The head of financial education at Old Mutual, John Manyike warns people that cashing out your pension fund when you change jobs, or resigning to access your pension, may seem like a quick cash-flow fix but, in actual fact, you could be crippling your future self. He discusses the reasons why people should not whittle away at their pension funds with Nompu Siziba.

Also read: Three factors that will contribute to your future wealth

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