WebGEPF Clean Break Divorce Benefit Claims And Taxation. How does tax on the portion of the pension interest allocated by the court work? If the parties were divorced on or after 13 September 2007, the non-member spouse will be taxed in his or . Government Employee Pension Fund As A Defined Benefit Fund. What does it mean, the GEPF is a defined ... WebThe clean-break principle was introduced by the enactment of the Government Employees Pension Law [Amendment Act], 19 of 2011. The GEPF is the only fund in South Africa which, when its members are divorcing,
Pension Funds and Divorces – The “clean break” principle
WebMeaning. GEPF. Government Employees Pension Fund (South Africa) GEPF. Global Export & Project Finance (various locations) GEPF. Greater Essex Prosperity Forum (est. 2004; … WebAug 21, 2024 · The Government Employees Pension Fund (GEPF) has introduced a rule amendment to their fund introducing the clean break principle on 1 April 2012. The rule amendment has enabled a non-member spouse to receive their portion of the pension interest, as per the court’s decision, in cash or allows for transfer to an approved fund … brushed silver rowmark
Required documents to lodge a divorce claim at the GEPF
WebOct 5, 2016 · The clean-break principle was introduced by the enactment of the Government Employees Pension Law [Amendment Act], 19 of 2011. The GEPF is the only fund in South Africa which, when its members are divorcing, pays out the members’ former spouses’ divorce claims and creates ‘divorce debts’ for its members. WebDec 14, 2011 · On 14 December 2011 the The GEP Law Amendment Act 2011 amended the law to provide for the implementation of the “clean-break” principle. This means that former spouses of members contributing to the GEPF can now claim their share of the fund as stipulated in their divorce order and don’t have to wait until retirement, resignation or … WebApr 14, 2024 · The GEPF, which is not subject to the Pension Funds Act, was amended on December 14 2011 to allow for the clean break principle. Options available to the non-member spouse when receiving their ... brushed silver toilet flusher