How long does death benefit payout take after the resolution has been signed?


Question:

how long can a death benefit take to pay after the trustees have signed the necessary resolution.

Answer:

Tebogo, Provided all the necessary information is at hand to make the payout, it should not take long thereafter. However if some of the information is missing (eg the beneficiary's election as to how they want to receive the benefit, or the bank details) then the payout will be delayed.

The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.


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