10X Investments (2024)

Question

I worked for 3 months and my contract ended. How much will I get from my provident fund if I paid R250 per month?

Answer

You will receive the total value of contributions (netof any administration fees and risk premiums deducted) invested in yourfund account plus the investment return (net of any fees) on thosecontributions. The investment return may be positive or negative. As youcan see, this formula has many variables that are not known to use, so wecannot provide you with a definitive answer. Unfortunately, it willprobably be less than you contributed (R750), as you were only invested fora very short period, and the costs are likely to exceed your return.