1. Which one of the following statements with regards to a provident fund is correct?

	a.	A provident fund is a fund to which a member belongs as a result of his employment with an employer that participates in the provident fund.
	b.	A member of a provident fund can contribute as much as he can afford to the provident fund.
	c.	A member who joined a provident fund after 1 March 2021 can take his total retirement benefit as a lump sum.
	d.	The contributions that a member made to a provident fund before 1 March 2016 will qualify as a deduction under paragraph 5 of the Second Schedule to the Income Tax Act 58 of 1962 when the member resigns.
	e.	None of the above.