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How do I claim my pension fund?
You need to get hold of a withdrawal notification form from your HR department, complete this and return with required supporting documents
Read moreHow do I claim my provident fund?
To claim your provident fund, you need to contact your (former) HR department in this regard. They will be able to guide you and give you the necessary forms.
Read moreHow do I claim my provident fund if ex-employer closed down?
You need to apply directly to the responsible fund administrator. Check with a fellow ex-employee if necessary or your fund literature as to who this is. Or you can ask a financial adviser to do a fund search on the astute system.
Read moreHow do I obtain a withdrawal form other than from my employer?
You can only draw your provident fund if you resign from your employer. If you have resigned and your employer refuses to help you then you must approach the fund administrator directly, and request the form.
Read moreIs it legal for my employer to withhold payout of my fund?
In terms of section 37D(b)(ii) of the Pension Funds Act, a fund may deduct from a member’s benefit payable in terms of the rules of the fund.
Read moreHow do I claim from my Alexander Forbes Provident Fund?
he must get the withdrawal notification form, fill it in, attach the necessary supporting documents, return it to the employer, who will counter-sign and send it to Forbes for processing.
Read moreWhy does pension fund pay-out take so long to be finalised?
When you withdraw or retire from your employer's pension fund, and opt to receive a portion as a cash lump sum, the administrator must revert to SARS for a tax directive.
Read moreHow long does your first provident fund withdrawal take to be paid out?
It normally takes 14 to 21 business days for the funds to be paid out at 10X
Read moreHow long does it take for thefund to pay out the withdrawal benefit?
Provided your tax affairs are in order, and you have submitted all the required documents, it normally takes 10 business days for 10x to pay out the funds.
Read moreHow long does it take to receive your provident fund pay-out?
it normally takes 14 to 21 business days to receive your provident fund pay-out. If it takes longer, you should follow up with the administrator to see what is holding up the process.
Read moreHow will my provident fund withdrawal be taxed?
You will be taxed on R25 000. The first R25 000 of your provident fund withdrawal is not taxed, so if this is your first (retirement fund) withdrawal you will pay no tax, If it is your second, you would most likely pay tax at 18%.
Read moreWhat procedure should I follow if my pay-out is taking too long?
Your husband can also phone (rather than visit) the administrator, to get an update, instill a sense of urgency and to ensure that the process is on track (ie all documents have been received and there are no problems with SARS).
Read moreCan I claim my provident fund from a previous employer?
Yes, you can claim your provident fund (as a cash pay-out), or, more sensibly, you could transfer it to your new employer's provident fund.
Read moreHow do I apply for my provident fund?
To claim your benefit, you must have resigned or retired from your employer. You must then complete a withdrawal notification form, and submit this, with required supporting documentation, to your HR department.
Read moreHow do I go forth to get my MIBFA provident fund paid out?
Go to your HR department and request an exit or withdrawal instruction form.
Read moreHow can we 10X Your Future?
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