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Alexander forbes withdrawal form 2024

Alexander forbes withdrawal form 2023-2025

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The document is a Withdrawal Notification Form for employees, directors, and partners of Alexander Forbes, detailing the process for withdrawing benefits from the Legal Provident Fund. It includes sections for transferring benefits to various funds, taking cash benefits, and provides important information regarding tax implications, indebtedness to employers, and options available upon withdrawal. The form requires personal details from the member and includes declarations from both the member and employer to ensure accuracy and compliance with regulations.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How long does it take for Alexander Forbes to pay out the provident fund?

How long does Alexander Forbes take to pay out unclaimed provident funds after you have submitted your documents? Please refer this question to your own fund administrator - Alexander Forbes - for a specific answer. It usually takes between 4 and 12 weeks, to process a pay-out.

What is a withdrawal claim form?

The purpose of this form is for you to instruct the Fund and its administrator to process your withdrawal benefit because your employment is being terminated as a result of your resignation, your dismissal or your retrenchment.

What is the phone number for Alexander Forbes provident fund?

You can contact our Advice Centre on 0860 100 444. If there is a difference between the information in this document and the rules of the fund, the rules apply.

What is the difference between vested and non vested Alexander Forbes?

A vested benefit right gives you the right to be able to withdraw the full benefit value as a lump sum upon retirement. Non-vested benefits relate to any other benefits in a retirement fund, which gives you the right to be able to only withdraw up to a maximum of 1/3rd at retirement.

How do I claim my provident fund money?

Log into the EPFO portal using your Universal Account Number (UAN). Submit a claim under the Form 19 section, ensuring your KYC details are updated and bank details are verified. Once processed, the funds will be directly credited to your account.

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How do I contact Alexander Forbes Provident Fund?

You can contact our Advice Centre on 0860 100 444. If there is a difference between the information in this document and the rules of the fund, the rules apply. There is a yearly investment fee of the positive balance you have in the Alexander Forbes Preservation Fund (the fund credit).

Can I access my provident fund?

Yes, but the rules depend on when you started contributing to your provident fund. The introduction of the two-pot retirement system on 1 September 2024 created new guidelines for provident fund withdrawals, with different rules applying to existing and new savings.

How long does it take for Alexander Forbes to pay out?

Your withdrawal will not be paid out immediately. There is an estimated turnaround time of 20 working days once all the relevant information is received and if there are no delays.

Alexander forbes withdrawal form 2023-2025

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How long does it take for Alexander Forbes to pay out the provident fund?

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