Use your employer’s retirement fund to be tax smart

Your retirement fund aims to provide you with an income when you retire and no longer have a monthly salary.

Many employer-sponsored pension and provident funds allow members to increase their contribution rate on a regular basis or make extra, once off voluntary contributions to the fund. Your human resources or payment department will be able to assist you with the options that are available to you.

Most funds don’t charge additional fees on extra money that is contributed into the fund, so the full extra amount you put into the fund is typically invested for your retirement.