Can I claim retirement annuity contributions that I did not previously qualify for? You cannot make a withdrawal from your GEPF savings unless you leave your employer. withdrawal tax tables. If benefits are being transferred, the GEPF pays the member’s actuarial interest to the member’s new fund. The benefit calculator should be used for GEPF benefit calculations. This means we have shown what future values would be worth today, once we have stripped out inflation. Morningstar’s Global Fund Investor Experience 2015 study shows that the average total expense ratio is 1.63% pa (which includes investment and performance fees), with the cost of advice and an administration platform adding an additional 1% to 1.5% pa. The investment referred to as “Industry” is assumed to charge total fees of 3% including VAT per annum. The investment referred to as “Industry” is assumed to charge total fees of 3% including VAT per annum. The fees used in the projections are inclusive of VAT. Through the Funds operations cash are generated mainly from contributions and the Tax relief on retirement lump sum benefits is allocated once in a lifetime in other words if it’s used up you can’t claim it again. Use our calculator to see if you are on track for a comfortable retirement. The tax-free portion applies if you take a cash lump sum directly from the GEPF or if you transferred directly from the GEPF to Allan Gray on or after 1 March 2006. Read Online Withdrawal Of A Member Resignation Z102 Gepf Home Withdrawal Of A Member Resignation Z102 Gepf Home Eventually, you will categorically discover a supplementary experience and finishing by spending more cash. One of the more frequent questions we receive from members of the Government Employee Pension Fund (GEPF) relates to the treatment of their pension fund on divorce. This estimate assumes that you use your entire projected investment value to purchase an annuity at retirement. The 10X Living Annuity is underwritten by Guardrisk Life Limited (FSP No.76) The fees used in the projections are inclusive of VAT. The information on our website does not constitute advice as defined by the FAIS Act. The amount that is transferred to an approved retirement fund is not taxed at this point and tax is only deducted when the member retires or withdraws and receives a lump sum from the new fund. The 10X Living Annuity is underwritten by Guardrisk Life Limited (FSP No.76). © 2018 10X Investments (Pty) Ltd. All Rights Reserved. The tax-free portion applies if you take a cash lump sum directly from the GEPF or if you transferred directly from the GEPF to Allan Gray on or after 1 March 2006. The investment term and savings period is assumed to be from your current age to age 65, unless you are over 55. The information on our website does not constitute advice as defined by the FAIS Act. The investment term and savings period is assumed to be from your current age to age 65, unless you are over 55. Kasteelpark, 546 Jochemus Street, Erasmuskloof’ Pretoria. The projections do not account for tax in any way. It is payable to the beneficiaries of the deceased member or, if there are no beneficiaries, to the member’s estate. The investment with 10X assumes a total fee of 1% including VAT per annum and that the client comes directly to 10X (i.e. Morningstar’s Global Fund Investor Experience 2015 study shows that the average total expense ratio is 1.63% pa (which includes investment and performance fees), with the cost of advice and an administration platform adding an additional 1% to 1.5% pa. Use our existing customer contact form to get in touch. You may then take your actuarial interest as cash, or you can take a portion as cash, and transfer the balance to an approved preservation fund. © 2018 10X Investments (Pty) Ltd. All Rights Reserved. Each year your projected income will keep pace with inflation, provided that it falls within these regulatory limits. The fees used in the projections are inclusive of VAT. Your projected investment value is shown in real terms (today's money). GEPF CASH FLOW STATEMENT ANALYSIS March 2018 IN A NUTSHELL, WHAT THE ANALYSIS REVEALS: Enough cash needs to flow INTO the Fund to cover benefits payable. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. The calculator assumes the you save 10% of the salary you input and that this grows annually in line with inflation. The one-third allowance refers to the amount you may withdraw once you have left the GEPF, and transferred your money to an approved pension preservation fund.