For Business FAQ
Every fund must appoint a board of management to run the affairs of the fund. This is called the board of trustees. Each retirement fund must have at least four trustees.In terms of Section 7A of the Pension Funds Act, members may elect at least 50% of the board of trustees. Umbrella funds may apply for exemption from appointing member-elected trustees.In addition, the fund must appoint a Principal Officer, to deal with the day-to-day running of the fund.
I have worked in the financial sector and want to know if I qualify for the surplus fund I did receive some correspondence from bank of athens but did not follow up is their agents that can assist me
Where can I send complaints about an unpaid GEPF benefit.
i want to know my provident fund balance
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.
More in the long run. For you and your employees.