What Is The Maximum Funeral Payment? What Is The Maximum Funeral Payment? Funerals can be expensive, but the Government Employees Pension Fund (GEPF) is here to support you during difficult times. If you are a GEPF member, pensioner, or beneficiary, you qualify for a funeral benefit designed to assist with funeral costs. This benefit provides… Read More »
How To Get IRP5 From GEPF? How To Get IRP5 From GEPF? An IRP5 is a tax certificate that shows the income you have received and the tax that’s been deducted over a specific tax year. If you are getting a pension or a lump-sum payment from GEPF, you will need the IRP5 to report… Read More »
What Benefits Do I Get At 60 What Benefits Do I Get At 60 Attaining the age of 60 years is a life well lived as an employee who is going on retirement you have to make sure that you are well prepared or plan for your retirement very well. On retirement, employees enjoy so… Read More »
What Happens If I Retire At 60 What Happens If I Retire At 60 Retiring at the age of 60 years is an achievement many individuals aspire to, but it is important to be conscious of the financial, social, and other related benefits and implications of leaving the workforce. Retirement comes with both benefits and… Read More »
Can I Borrow Money From My Pension Fund? Can I Borrow Money From My Pension Fund? No, you cannot borrow money from your GEPF pension fund account, as it is against the law for the GEPF to provide loans. The Government Employees Pension Fund (GEPF) does not offer loans or bonuses to its members and… Read More »
Can I Withdraw My Pension To My Bank Account? Can I Withdraw My Pension To My Bank Account? If a member chooses to withdraw from the Savings Pot, they can access up to the amount of the seed capital, provided it is at least R2,000 and can transfer it to their bank account. The GEPF… Read More »
When I Resign What Am I Entitled To When I Resign What Am I Entitled To When resigning from a job, there are certain rights and entitlement that the employee should be aware of. This entitlement is based on employment contracts, company policies, and labor laws. What Is Meant By Resignation Resignation means an employee… Read More »
What Is The Maximum UIF Payout Per Month What Is The Maximum UIF Payout Per Month The UIF(Unemployment Insurance Fund) in South Africa provides interim financial ease to employees who lose their jobs or are unable to work due to health issues, maternity, or any other eligible reasons. The maximum payout for UIF per month… Read More »
How Much Can I Take From My Pension? How Much Can I Take From My Pension? Are you approaching your years of retirement? Do you need money from your pension account to settle issues? worry no more. A two-pot system has been introduced. The two-pot retirement system is a new reform designed to give retirement… Read More »
How Much Do You Get For Lump Sum? How Much Do You Get For Lump Sum? A lump sum is a one-time payment given to a retiree or former employee instead of regular monthly pension payments for life. This means that instead of getting those monthly checks, a person can receive their pension benefits simultaneously.… Read More »