How To Claim My GEPF Funds
How To Claim My GEPF Funds
Claiming your GEPF funds benefits can be a straightforward procedure when you attentively follow the laid down process required. Whether you are resigning, retiring or you have reached your eligible event such as death or disability. This article will assist you with all the information you need to access your claim from GEPF.
Qualification Criteria Needed To Claim Your Funds From GEPF
To be eligible to claim your funds you must :
- Be a registered member of the GEPF
- Have attained the age of 60-65 years and above
- You must have completed all the required number of years of service
- You must be leaving the public service or retiring
Official Document Needed To Claim For GEPF Funds
- GEPF membership number
- ID document
- Proof of age
- Service certificate
- Last payslip
- Medical certificate(if applicable)
Gradual Process On How To Claim Funds
Below is the step-by-step process on how to claim your GEPF funds
- Notification
You have to inform your employer about your decision to claim your benefits
- Application
You must complete your application form with GEPF
- Submission
You have to submit all legal papers and application documents in your possession to claim your funds
- Confirmation
GEPF has to confirm your application and documents
- Payment
GEPF will then pay you your funds
How Withdrawals Are Being Taxed By PAYE Rates
The two-pot system introduces a provision for early withdrawal from your savings pot, which is treated as receiving part of your pension ahead of schedule. Such withdrawals are taxed at your current rate, aligning with the taxation of your remuneration, because you are still within an income-earning phase.
Benefits Of The GEPF
- Retirement benefits
- Resignation benefits
- Unclaimed benefits
- Spouse pension
- Child pension
- Death benefits
- Divorce benefits
- Funeral benefits
Visit the official website for more updates. Do not hesitate to seek assistance when needed. Hope this information was useful