If you are making a withdrawal from the Savings Pot/Component of any pension savings product that you may have with Old Mutual, or any Pension Fund that is administered by Old Mutual, the following will apply:

• Only one withdrawal is allowed per tax year (1 March – 28 February) per investment product
• A minimum amount of R2000 applies per withdrawal
• The maximum that you can withdraw is the amount in your Savings Pot/Component
• Your retirement savings are invested in the investment market which fluctuates (goes up and down). The maximum withdrawal amount may differ slightly from today's value
• You will be restricted from accessing withdrawals from your Savings Pot in your retirement product if the Fund has been notified of your pending divorce or a final divorce order, where a pension interest claim needs to be satisfied. This restriction can be removed with the consent of the non-member spouse confirming such, provided that the Fund is able to ensure that there will be sufficient funds remaining to satisfy the divorce claim.
• Your withdrawal from the Savings Pot in your retirement product will also be restricted if the Fund has been informed of a pending or imminent service of a maintenance order or final order and this restriction can only be removed with the consent of the Maintenance Officer.
• Income and/or arrear tax is payable on the amount that you withdraw
• An administration fee is charged on all withdrawals except the Essential Savings Plan
• Depending on the product and investment portfolio from which the money is withdrawn, further charges may apply
• Note that you will lose any cool-off rights on your product if you make a Savings Pot/Component withdrawal within the cool-off period
• Some withdrawals will be made in one or more payments due to bank clearing delays
• The Rules of the specific Pension Fund that you belong to and South Africa’s Tax legislation must always be followed