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Our Products - Employee Benefits |
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Lion of Africa Administration Services is a Category 13B administration company, offering full administration and extensive investment management options to Employee Benefits clients.
Lion of Africa is also the sponsor of the Twilight Group Umbrella Funds.
These funds include:
Twilight Group Pension Fund
- Retirement Saving, Risk Benefits and Administration (linked to company payroll)
- Well-structured controlled savings program
- Immediate tax savings on the total contribution
- Preferential tax treatment upon retirement
- Option to receive a 1/3rd cash payout
Twilight Group Provident Fund
- Retirement Saving, Risk Benefits and Administration (linked to company payroll)
- A well-structured and controlled savings program
- Preferential tax treatment upon retirement (including member contributions)
- Option to receive a total cash payout
Twilight Group Preservation Fund
A preservation fund is a pension or provident fund, which has been registered by the Registrar of Pension funds and approved by the South African Revenue Service (SARS)
Employees who end their service may invest their accrued fund benefits in this fund on a tax free basis.
Twilight Family Group Funeral Fund
Lion of Africa has developed the Twilight Funeral Family Fund to cater specifically to SMEs (Small and Medium-sized Enterprises). It also offers an affordable funeral benefit to employees, the premium for which is paid by the company on the employee’s behalf.
Features of the Twilight Family Group Funeral Fund:
- In the case of death due to natural causes, a six-month waiting period applies.
- Claims are settled within 24hrs of receipt of all required documentation.
- Affordable premiums with excellent flexibility.
| |  |  | | for Participating Employers |  | | for Fund Members |  | | for Trustees |
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