FAQ
Can my employer refuse to process my provident fund?
I have resigned with immediate effect and am struggling with the HR department regarding notice. I have a provident fund under 10x. Can my employer refuse to process my provident fund to you for the claims? Can I just deal directly with 10x regarding the payout and bypass my employer. How soon can I do this if I decide to deal with 10x directly as I am aware that the documents required are proof of banking details as well as an ID copy.
Are retirement annuities effective as estate planning tools?
I have read that Retirement Annuities are also very effective estate planning tools. The proceeds are exempt from estate duty, capital gains tax and executor fees because the cash amount can be paid directly to the beneficiaries if they exercise this option. What must I do to confirm this specific option is exercised?
When do I stop paying UIF?
I am 73 years old. Still very healthy and am still working. When do I stop paying UIF, which I have done from the age of 18 years. Will I be able to claim UIF when I retire next year?
Will being fired affect my provident fund pay-out?
Hi, I am 60 years old and things are not well at work, I work overtime and public holidays without payment. If I got fired for not wanting to work overtime without pay can it affect my current provident payout?
Does a preservation fund pay a monthly salary?
I am 51 years old but thinking of quitting my job. I have been at this job for 26 years and have a retirement fund of R4,4million. If I put this into a preservation fund and take a lump-sum amount of R1,5million out - will I still be able to get monthly salary from this fund. If so, how much will I get on monthly basis.
