Benefits of a Provident Fund

Retirement Savings
Provides a structured way to accumulate savings for retirement through employee and employer contributions.

Lump Sum Flexibility
Allows members to withdraw the full benefit as a lump sum at retirement, offering financial adaptability.

Tax Efficiency
Contributions are tax-deductible, and investment growth within the fund is exempt from tax, maximizing savings potential.

Employer Contributions
Enhances retirement benefits by including contributions made by the employer, increasing overall savings.

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