For Business FAQ
How do I get my surplus apportionment?
I'd like to know the following: I worked for a company for 20 years and got retrenched in 2010. I was part of a Metropolitan Provident Fund. Some received their surplus money and some not, as I'm one of those who never got paid out. We worked at the retail store, Clicks. So what must I do so that I can also get mine?
Does Momentum allow loans against their pension funds?
Hi there, My company recently transferred all of our pension funds to Momentum. Do you know whether Momentum allows employees to take out loans against their pension fund? My house was broken into a couple of months ago and we lost all of our electronic equipment. We have insurance so everything was replaced, however, I would now like to take out a loan against my pension fund in order to upgrade the security on my property. Beams, palisades, extra burglar proofing, etc. Please let me know. Thank you once again!
How do I claim a deceased member's surplus scheme?
I am a son of the late Jonguxolo Hili who was working at Southern Cross in Bloemfontein. I have been receiving letters from MIBFA informing me about the surplus scheme that my father has to claim, but now I'm stuck. Can I be advised as to how do I proceed with the claim please.
Is it illegal for employers not to pay over pension fund contributions?
Hi there, My husband recently resigned from his job and would like his pension/provident fund to be paid out to him. He contacted his employer to retrieve the documentation in order to request the pay out. His employer then notified him that they only pay over pension fund contributions to the fund once a year on the 1st January. Is this allowed? Isn't the point of a pension/provident fund to invest contributions and allow to grow? It seems as thought the company is keeping the money in their account in order to ea...
Can I claim tax that was deducted from my provident fund?
Hi, would like to know if I can claim back some of the VAT/tax that was deducted when my provident fund was paid out after I lost my job; it was about R6 000 that was deducted.
