Protect and PreserveChanging jobs? Preserve your retirement savings.

What does the Protektor Namibia Preservation Fund entail?

Protektor Namibia Preservation Fund is a cost-effective, easy-to-use preservation fund designed to help employees, when leaving a place of employment, preserve their retirement savings to ensure that their retirement planning remains on track. Protektor Namibia Preservation Fund offers a pension fund and a provident fund preservation option, which makes it possible to transfer benefits tax free from an employer fund.
What's in it for you?
  • Tax-efficient transfer of benefits from a previous retirement fund
  • Low minimum investment amount of N$10 000
  • Flexibility of being able to make multiple withdrawals at any time within the first three years
  • Once-off administration fee
  • Inflation-beating investment returns
  • Immediate withdrawals available
  • Convenient access to our online platform - track your investment values and update beneficiaries anytime, anywhere.
Protektor Preservation Fund img leftHow does it work?

Available Investment Options:

  • Moderate Growth: This investment option is applicable for all Protektor members within their first three years of joining the Preservation Fund. It is the ideal choice for a conservative investor (generally the older investor).
    Conservative smoothing strategy with capital guarantees – caters for members who are not comfortable with full exposure to the market and want to protect 80% of capital value of savings.
  • Aggressive Growth: Good option for an investor with a medium- to long-term investment timeframe (i.e. 5 years plus).
    Combination of market-linked portfolios (60%) and a smoothed bonus portfolio (40%) with a 50% capital guarantee. Caters for members who want exposure to more than one asset manager.
  • Life-Staging Option: Combination of Moderate Growth and Aggressive Growth options. At younger ages, the member is exposed to Aggressive Growth and moves to the Moderate Growth option as retirement nears, this is an automatic switch at age 57.
Protektor Preservation Fund img rightWANT TO KNOW MORE?Find out all you need to know by downloading the Protektor Namibia Preservation Fund brochure.Want to know more about Protektor Namibia Preservation Fund?Take a look at some of these frequently asked questions.

    Members are allowed to make cash withdrawals from their retirement savings at any time within the first three years of joining Protektor. These cash withdrawals will be subject to income tax deductions. Members are allowed to transfer their savings to either their new employer's retirement fund or a retirement annuity of their choice after the 3 year withdrawal period lapses. Fund-to-fund transfers are free of tax.

    If, as a member, you become permanently disabled before the age of 55, the Board of Trustees may approve the payment of a disability benefit. The value of the benefit will be equal to your accumulated credit and will be paid in accordance with the provisions of the retirement benefit.

    Protektor Namibia Preservation Fund will provide a benefit equal to your original investment, with all the accrued investment bonuses, less expenses and withdrawals, to your dependents and nominated beneficiaries.

    Contact an Old Mutual Corporate Consultant on +264 81 956 1013 or .email us for more information.