We recently responded to another Moneyweb reader question which we believe could
be a beneficial read for anyone who has been retrenched. Please feel free to share
this article far and wide.
Question
“I was retrenched at the end of March 2021 and cashed in a small portion of my
provident fund before putting the rest of it in the provident preserver fund with
Liberty Life. I thought I’d be employed by now but I am unfortunately in financial
distress and I’m behind with my bond repayments.
Is it possible for me to cancel my provident preserver policy and withdraw all my
money to be able to pay my bond and live on the balance until I find employment?”