Unique benefits accrue to members of a registered pension or provident fund e.g. income tax exemption on contributions and investment income, tax free benefits on early withdrawal or on attainment of retirement age (up-to prescribed limits) and compound interest accrual hence faster growth of savings.

In addition, members can now use their pension savings as an additional security for mortgage loans thereby securing better mortgage loan terms from the approved financiers. This way, you do not have to wait until retirement in order to own a house – you now have an opportunity to leverage on your savings way before retirement age!