Absa Small Business Provident Fund - Absa Logo
Consultants and Actuaries

ABSA Small Business Provident Fund
Benefit and Contribution Structure

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Please note: The Absa Small Business Provident Fund fees will change from 1 August 2011, starting from a minimum contribution of R120.00 p.m.

Plan
Inv
C
D
E
F
G
H
I
J
Contribution p.m.
R120.00
R120.00
R161.00
R234.00
R323.00
R556.00
R779.00
R1,090.00
R1,312.00
Death Cover
-
R10 000
R15 000
R25 000
R50 000
R75 000
R100 000
R150 000
R200 000
Capital Disability Cover
-
R10 000
R15 000
R25 000
R50 000
R75 000
R100 000
R150 000
R200 000
Funeral:
-
Member
-
R7 500
R10 000
R10 000
R10 000
R10 000
R10 000
R10 000
R10 000
Spouse
-
R7 500
R10 000
R10 000
R10 000
R10 000
R10 000
R10 000
R10 000
Child 14 - 21
-
R3 750
R5 000
R5 000
R5 000
R5 000
R5 000
R5 000
R5 000
Children 0 - 13
-
R2 625
R3 500
R3 500
R3 500
R3 500
R3 500
R3 500
R3 500
Total cost
R23.94
R50.92
R64.23
R80.29
R111.70
R141.45
R171.20
R230.70
R290.20
Net Retirement savings
R96.06
R69.09
R96.77
R153.71
R211.30
R414.55
R607.80
R859.30
R1021.80

Inv = Investment only


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