A preservation fund is an "extension" of your employer's pension or provident fund. When resigning from one employer or in the event of your retrenchment, your pension or provident fund savings are transferred to a preservation fund. The rules of a preservation fund do not permit you to top up the investment. All new pension or provident fund savings must be added to your new employer's pension or provident fund. The preservation fund preserves the tax benefits associated with a pension or provident fund until you reach retirement age. On retirement, the policy value has a favourable tax treatment. All of Contego’s funds could be used within a preservation or provident pension for extra security and peace of mind.