SH
Shameem H
1 reviews | Active since Mar 2009
22 Mar 2024, 12:34
NEVER PUT YOUT MONEY INTO RETIREMENT ANNUITY - MOMENTUM
I requested to withdraw my retirement annuity as it was under 15K and right now we do not even have food at home. Only to get told that I must wait 10 working days for this money, yet we know that Momentum as a company would have this small amount readily available.
I will definately not recommend people to take their pension fund or any extra money and put into a retirement annuity or presevation fund . When you request your own money back, they will make you wait regardless of how urgent the situation is.
The best solution is just to keep all your money in a TAX FREE Savings account so you can access it when you want instead of a company telling you to wait 10 business days - half a month!!!!!
Helpful (0)
Replies (3)0
Replies (3)
Momentum (SA)'s replyOfficial
22 Mar 2024, 14:52Dear Shameem
Thank you for your message. I refer to your message received and confirm that Momentum needs to follow a process to withdraw the funds from the market and well as apply for a tax directive from the South African Revenue Services. This is the reason why the process takes a bit longer.
Kind regards
Mvdm
Thank you for your message. I refer to your message received and confirm that Momentum needs to follow a process to withdraw the funds from the market and well as apply for a tax directive from the South African Revenue Services. This is the reason why the process takes a bit longer.
Kind regards
Mvdm
Momentum (SA)'s reply22 Mar 2024, 14:52
Official
Dear Shameem
Thank you for your message. I refer to your message received and confirm that Momentum needs to follow a process to withdraw the funds from the market and well as apply for a tax directive from the South African Revenue Services. This is the reason why the process takes a bit longer.
Kind regards
Mvdm
Thank you for your message. I refer to your message received and confirm that Momentum needs to follow a process to withdraw the funds from the market and well as apply for a tax directive from the South African Revenue Services. This is the reason why the process takes a bit longer.
Kind regards
Mvdm
SH
Shameem H's updateReviewer Update
23 Mar 2024, 09:03It dies not take 10 business days for such a simple task and sars responds instantly.im not that stupid
SH
Shameem H's update23 Mar 2024, 09:03
Reviewer Update
It dies not take 10 business days for such a simple task and sars responds instantly.im not that stupid
Momentum (SA)'s replyOfficial
25 Mar 2024, 08:13Dear Shameem
Thank you for your message. Noted.
We will confirm once the instruction has been finalized.
Kind regards
mvdm
Thank you for your message. Noted.
We will confirm once the instruction has been finalized.
Kind regards
mvdm
Momentum (SA)'s reply25 Mar 2024, 08:13
Official
Dear Shameem
Thank you for your message. Noted.
We will confirm once the instruction has been finalized.
Kind regards
mvdm
Thank you for your message. Noted.
We will confirm once the instruction has been finalized.
Kind regards
mvdm