I require a ruling w.r.t Provident Fund
My question is two fold:
1) What portion of the “payout” is permissable to use and what precautions must one take to ensure that the money is permissable to use
2) The company has advised that I have 4 options w.r.t my withdrawal
a) transfer “my” benefit to a Preservation Provident Fund (eg Oasis)
b) transfer “my” benefit to the new Employer’s Provident Fund
c) transfer “my” benefit to a Retirement Annuity
d) withdraw all proceeds in cash (tax implication) Please do guide me in this decision?