More on Switching

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When can I switch?            

  • You can switch between these portfolios at any time online or by completing the investment switching documentation required by the Administrator.
  • In every 12-month period beginning on 1 July, you are permitted one investment switch without any charge.  If you switch more than once per period, an administration fee (currently R496 VAT inclusive, but reviewed from time to time) will be debited from your Accumulated Retirement Savings . (You can change where your Future Contributions are invested without having to pay a fee.)

What choices do I have?

Your retirement savings in the UCTRF consist of two parts, namely:


You can choose separately how you want to invest:


You can choose between the Income Fund, Smoothed Bonus Fund, Balanced Fund, and Shari’ah Fund. Expressed another way, the choice for past retirement savings can be different to that for your Future Contributions.

For example, you could invest your Accumulated Retirement Savings in the Income Fund and split your Future Contributions equally between the Smoothed Bonus Fund and the Balanced Fund. 

What happens when I do not exercise a choice when I join?

If you don't exercise a choice when joining the UCTRF, your retirement saving contributions will be invested in accordance with the Life Stage Model, unless you turn 60 or older in the year that you join the UCTRF, in which case your contributions will be 100% invested in the Income Fund.


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