Coronavirus: You can withdraw from your pension if you’re in hardship – NPRA
The National Pensions Regulatory Authority (NPRA) has issued guidelines for persons who will want to withdraw some funds from a provident fund or personal personal scheme before their retirement age due to the hardship COVID-19 has brought on them.
According to the Authority anyone who wants to withdraw from provident fund schemes as a result of lose of job due to COVID-19 can withdraw only 15 per cent of total accrued benefits.
However, members of personal pension schemes can withdraw all the amounts in their savings accounts.
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