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sumesh G

1 reviews | Active since Oct 2012

20 Apr 2023, 13:15

Momentum takes months to do a simple pension transfer

I changed jobs and needed my pension fund to be moved. Its been about 6 months now and this still is not complete. Momentum didn't even know where some of my funds were allocated when I contacted them. My tax is now overdue and I can't submit because of the outstanding tax directive which means, I'm being charged penalty fees now all because Momentum can't do a simple pension transfer. I would swear their employees get incentivized based on how long they can delay a simple pension transfer. To date the tax directive is not closed. I regret initiating this transfer.

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Replies (1)
Momentum (SA)
Momentum (SA)'s reply20 Apr 2023, 13:22
Official
Dear Sumesh
Thank you for your communication received. We will refer your complaint to the relevant department to assist you in this regard.
Kind regards
Mvdm