For Business FAQ
How much tax will I pay on my GEPF resignation benefit?
Hi. Three questions. I am a GEPF member. First: If I am to receive about R3 million as a resignation benefit after 20 yrs service, how much tax will I pay? Second: How will the new laws on resignation and benefit payouts by the Minister of Finance affect the payout? Third: If I move the R3 million to a Preservation fund, how much can I withdraw and by how much will the withdrawal be taxed? thank You.
Can I withdraw from my provident fund while employed?
Good day, I have a provident and pension fund with Alexander Forbes through the company. I want to know, if it is possible, can I withdraw from my provident fund while employed. Regards, Rayaan
Does a provident fund form part of the estate of a deceased member?
my father passed away and left the affidavit that states that i'm his legal heir and has two children and was separated to my mom but there were still married but now the employer said that the provident fund will shared by my mom and his girlfriend and me and my younger brother were are not included,so i need to know what must i do because the provident fund adjudicator failed to assist me
What happens to the employer contribution when I resign?
I am currently working for a company whereby you can choose what percentage of your annual salary you would like to contribute towards your pension fund. I am currently not contributing, but the company contributes a portion towards my fund. What happens to the employer contribution when I resign? Will I get a portion of the funds or do they take it away?
Am I able to draw UIF at 65 years of age?
Good day, I am hoping you can advise me. I have been employed for 16 years at the same school (I do admin and aftercare). I am turning 65 in May and as per school policy I have to leave at the end of this year. I have contributed to a pension fund, but am not ready to retire and intend looking for another job. I will need to put about R330 000 into a vehicle for safe keeping. I plan to draw UIF when I leave, until such time as I find employment. Firstly, am I able to draw UIF at 65 years of age? I really do need...
