Support

Field Name

Description

Directive Reason

The following fund combinations will be allowed when a benefit is transferred:

• Pension Fund to Pension Fund
• Pension Fund to Provident Fund (Only if the Date of Accrual is greater than or equal to 01 March 2021) NEW
• Pension Preservation Fund to Pension Preservation Fund
• Provident Fund to Provident Fund
• Provident Fund to Pension Fund
• Provident Preservation Fund to Provident Preservation Fund
• Provident Preservation Fund to Pension Preservation Fund

Change Description

Reason For Not Implementing

IRP3b is only available for submission via eFiling

IRP3c is only available for submission via eFiling

IRP3f is only available for submission via eFiling

IRP3q is only available for submission via eFiling

• Amount Remaining in Fund Validation:
  • The amount utilised to purchase annuities and the amount remaining in the fund to purchase the annuity/pension is not equal to the Total benefit amount (remaining in the fund) after the member has taken a gross lump sum
  • For approved and other funds 
    • The Fund has to purchase annuities or specify an amount remaining in the fund to provide an annuity/pension (Both amounts may not be specified) 
    • If the Fund has purchased annuities 
      • The amount utilised to purchase annuities is not equal to the amount of Total benefit less gross lump sum payable (remaining in the fund) 
    • If the Fund has specified an amount remaining in the fund to purchase the annuity/pension 
      • The amount remaining in the fund after the member has taken a gross lump sum is not equal to the amount remaining in the fund to purchase the annuity/pension 
  • For public sector funds 
    • The amount utilised to purchase annuities and the amount remaining in the fund to purchase the annuity/pension is not equal to the Total benefit amount (remaining in the fund) after the member has taken a gross lump sum 

• If an FSCA Registration Number was supplied on the application, and this number does not exist on the FSCA’s list of registered active funds
• If an FSCA Registered Insurer Number was supplied on the application, and this number does not exist on the FSCA’s list of registered active funds

• If an FSCA Registration Number was supplied on the application, and this number does not exist on the FSCA’s list of registered active funds
• If an FSCA Registered Insurer Number was supplied on the application, and this number does not exist on the FSCA’s list of registered active funds

• If an FSCA Registration Number was supplied on the application, and this number does not exist on the FSCA’s list of registered active funds
• If an FSCA Registered Insurer Number was supplied on the application, and this number does not exist on the FSCA’s list of registered active funds

• If an FSCA Registration Number was supplied on the application, and this number does not exist on the FSCA’s list of registered active funds
• If an FSCA Registered Insurer Number was supplied on the application, and this number does not exist on the FSCA’s list of registered active funds

• Where the reason for a directive is ‘Emigration Withdrawal’:
  • The date of accrual is greater than or equal to 01/03/2022 01/03/2021
  • The date of emigration is greater than or equal to 01/03/2022 01/03/2021

• Where the reason for a directive is ‘Cessation of SA Residence'
  • The date of Cessation of SA Residence is prior to 01/03/2021
    • The date of Cessation of SA Residence is less than three years prior to the date of accrual

• Where the reason for a directive is ‘Emigration Withdrawal’:
  • The date of accrual is greater than or equal to 01/03/2022 01/03/2021
  • The date of emigration is greater than or equal to 01/03/2022 01/03/2021

• Where the reason for a directive is ‘Cessation of SA Residence'
  • The date of Cessation of SA Residence is prior to 01/03/2021
    • The date of Cessation of SA Residence is less than three years prior to the date of accrual

• If there is still an amount remaining in the fund after the member has taken a gross lump sum (Total benefit value greater than the gross lump sum amount)
  • The amount utilised to purchase annuities and the amount remaining in the fund to purchase the annuity/pension is not equal to the Total benefit amount (remaining in the fund) after the member has taken a gross lump sum
  • The Fund has to purchase annuities or specify an amount remaining in the fund to provide an annuity/pension (Both amounts may not be specified) 
    • If the Fund has purchased annuities 
      • The amount utilised to purchase annuities is not equal to the amount of Total benefit less gross lump sum payable (remaining in the fund) 
  • If the Fund has specified an amount remaining in the fund to purchase the annuity/pension 
    • The amount remaining in the fund after the member has taken a gross lump sum is not equal to the amount remaining in the fund to purchase the annuity/pension 

• The reason for directive is not ‘Par (eA) Living Annuity Commutation Termination of a Trust’ or ‘Par (c) Living Annuity – Commutation’
  • The taxpayer type is a Trust