SACA Retirement Fund
The SACA Retirement Fund was established in 2005 with the dual objective of providing players with a trusted entity to put away money for retirement, and offer players group life, disability and funeral insurance.
There is no cost to players as SACA contributes a percentage on behalf of every Franchise player’s monthly remuneration to the fund while the Proteas players receive monthly contributions through their Cricket South Africa (CSA) contracts. Top-up contributions to the fund can be made by players who wish to make additional provision for retirement.
On retirement or loss of contract, a player may transfer the benefit to a similar fund without any tax implications. The benefit may be also be claimed in cash although this would be subject to a tax deduction.
Click here to view the SACA Retirement Fund Brochure.
Proteas (men) and Franchise contracted cricketers are eligible for this benefit while under contract. Semi-Pro and Proteas women players have access to the fund through personal contributions whereas Proteas men and Franchise players receive SACA contributions under current MOU agreement.
Contributions by players, in addition to those made by SACA, can be made through each player’s Franchise or CSA payroll. SACA should be contacted to arrange this
Players may claim their benefit in the event that they retire or have lost their professional cricket contract
If the claim form and supporting documentation was submitted correctly, the claims process should take between 6-8 weeks