Provident & Welfare Funds.
These are funds governed by a trust to which a member or the member’s employer or both contribute to a scheme which provides benefits to the members of the scheme when they reach the retirement age, or any other prescribed event occurs in relation to them.
These are funds governed by a trust to which a member or the member’s employer or both contribute to a scheme which provides benefits to the members of the scheme when they reach the retirement age, or any other prescribed event occurs in relation to them.