What is Pension Fund?
A pension fund is a pool of funds that have been contributed by employers and their employees, and which is being invested to provide employees with retirement benefits.
Since pension funds typically have enormous amounts available to invest, they are classified as institutional investors and are managed by professional investment managers.
The earnings of a pension fund are usually tax-deferred and are only recognized as income by plan recipients after they have reached retirement age.
Pension Fund South Africa Contact Details
Contact Details
| Postal | Private Bag X63, Pretoria, 0001 |
|---|---|
| Physical | 34 Hamilton Street, Arcadia |
| Tel | 012 319 1911/1000 / 080 011 7669 |
| Web | www.gepf.co.za |
How do I access my pension fund in South Africa?
You can access your pension fund pre-retirement (earliest age 55) either by way of a loan – if the fund rules permit and the loan is for a purpose as envisaged by s19(5) of the Pension Funds Act (essentially housing-related) – or if you resign from your employer.
How do I check my pension balance in South Africa?
Checking your pension online
This means you can log in to your account to check your pension any time, just like you check your bank balance from your online banking portal.
If you’ve got a PensionBee pension, your online account is called your BeeHive, and from here you can see your pension balance.
How do I contact the provident fund in South Africa?
Alternatively, you may contact the Pension Fund Adjudicator at 012 346 1738 or 012 748 4000.
For downloadable Provident Fund forms and information on contributions, benefits, and claims, go to www.rflipfund.co.za.
Can I check my pension online in South Africa?
The GPAA – Government Pensions Administration Agency – Republic of South Africa.
Welcome to the Government Pensions Administration Agency (GPAA) website, where all pension-related information can be found for current and former government employees and their beneficiaries.
Can South Africans withdraw from their pension fund?
With effect from 1 March 2021, their retirement benefits were locked in for a minimum period of three years, after which they could be fully withdrawn (subject to lump sum tax implications).