Question:
I WORKED IN THE INSURANCE AND MEDICAL AID INDUSTRIES FOR MORE THAN 15 YEARS I WANT TO KNOW IF THERE IS ANY SURPLUS FUND I CAN CLAIM FROM
Answer:
Wesley, What surplus funds do you wish to apply for? There is a general misconception that everyone is entitled to a surplus. A surplus is only paid if there is in fact a surplus in the retirement funds you belonged to, and only to qualifying fund members. Surpluses are typically distributed among members who did not receive their full benefit when they left the fund. This happened a lot in the past, but very rarely today. So if you have recently been paid out, it is very unlikely that some money was held back, requiring you to submit a second claim. However, if you believe there is a surplus apportionment due to you, then you need to contact the fund administrator of the funds you belonged to, and make the relevant enquiries there.
