How Do I See All My Pensions? How Do I See All My Pensions? A pension is a type of retirement savings plan that provides regular income after you stop working. It is usually funded by contributions from both you and your employer throughout your career. There are different kinds of pensions, but they all… Read More »
Can I Use GEPF To Buy A House? Can I Use GEPF To Buy A House? Owning a home is one of the most significant financial investments you can make, providing your family with dignity, security, and comfort. To support this goal, the Government Employees Pension Fund (GEPF) has partnered with SA Home Loans to… Read More »
Can I Get My Pension While Still Working? Can I Get My Pension While Still Working? You cannot access your pension fund while employed by the sponsoring employer, therefore you would need to resign to do so. The GEPF prohibits any withdrawals from the pension fund during employment. However, to provide some flexibility in retirement… Read More »
What Is The Spouse Pension Percentage For GEPF? What Is The Spouse Pension Percentage For GEPF? If a GEPF member passes away after retirement, the spouse will receive a monthly pension amounting to either 50% or 75% of the member’s pension at the time of death. An eligible spouse or life partner is entitled to… Read More »
How Much Of A Husband’s Pension Does A Widow Get? How Much Of A Husband’s Pension Does A Widow Get? A widow is entitled to receive a percentage of her husband’s pension annuity if he dies while in service or after retirement, with benefits determined by the length of his pensionable service and, in the… Read More »
How Is GEPF Payout Calculated? How Is GEPF Payout Calculated? If you are a member of the GEPF and are nearing retirement, you might be wondering how much you will receive once you retire. As a GEPF member, you contribute a percentage of your salary each month to secure your pension benefits. In addition, the… Read More »
What Is The 1 3 Rule For GEPF? What Is The 1 3 Rule For GEPF? The 1/3 Rule for the Government Employees Pension Fund limits how much of your pension you can take as a lump sum when you retire. It allows you to withdraw up to one-third of your pension savings as a… Read More »
Can I Withdraw Money From GEPF While Working? Can I Withdraw Money From GEPF While Working? GEPF does not allow any withdrawal from the pension fund while employed. However, GEPF uses the two-pot system to make the retirement plans a bit flexible. The Two-Pot Retirement System allows members of a retirement fund to access a… Read More »
Can You Use Pension To Pay Off Debt? Can You Use Pension To Pay Off Debt? A pension provides a steady income in retirement to help you cover living expenses after you stop working. Debt, whether from credit cards, student loans, mortgages, or personal loans, can be a heavy burden. While you can use your… Read More »
What Is The 70% Rule For Pension? What Is The 70% Rule For Pension? The 70% Rule for pensions is a helpful guideline for retirement planning, designed to give you an idea of how much of your pre-retirement income you will need to maintain your lifestyle after you retire. Essentially, it suggests that you should… Read More »