Changes for page Cancelling an ROT

Last modified by Megan Kahl on 2021/11/19 14:25
<
From version < 29.1 >
edited by Megan Kahl
on 2021/10/05 05:33
To version < 28.1 >
edited by Megan Kahl
on 2021/10/05 05:30
>
Change comment: There is no comment for this version

Summary

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Content
... ... @@ -1,7 +1,7 @@
1 1  
2 2  
3 3  (% style="text-align: center;" %)
4 -= (% style="color:#2980b9; font-size:28px" %)**CANCELLING AN ROT**(%%) =
4 += (% style="color:#2980b9; font-size:28px" %)**Cancelling an ROT**(%%) =
5 5  
6 6  
7 7  
... ... @@ -51,7 +51,6 @@
51 51  
52 52  * Once an ROT has been cancelled, it cannot be reinstated. The only way to ‘reinstate’ an ROT is for the Receiving Fund to submit the ROT again electronically.
53 53  
54 -
55 55  (% style="break-before: page; text-align: center;" %)
56 56  == (% style="color:#2980b9" %)**Reasons for a Request to Cancel an ROT**(%%) ==
57 57  
... ... @@ -63,17 +63,17 @@
63 63  
64 64  * The Transferring Fund did not deduct the debt e.g. housing loans / housing guarantees before the benefit was transferred.
65 65  
66 -*
65 +*
67 67  ** The document to be attached to the request to prove the claim, must be the settlement letter from the institution hosting the loan.
68 68  
69 69  * The maintenance order was not deducted from the benefit before it was transferred or used to purchase an annuity.
70 70  
71 -*
70 +*
72 72  ** A copy of the court order must also be attached.
73 73  
74 74  * The Transferring Fund did not take the claim of employee debt or a damage claim from the employer into account.
75 75  
76 -*
75 +*
77 77  ** A letter from the employer indicating the nature of the debt or damage claim must also be attached to the request.
78 78  
79 79  * The tax directive was submitted using an incorrect income tax reference number or other demographic information is incorrect.
... ... @@ -80,7 +80,7 @@
80 80  
81 81  * {{id name="_Hlk36815779"/}}AIPF contributions were not allowed as a deduction when the member retired or the tax directive reason was death before retirement.
82 82  
83 -*
82 +*
84 84  ** Documentation must be provided to confirm the AIPF contributions.
85 85  
86 86  * The Fund Administrator did not complete the Public Sector Fund container, where the member has transferred from a Public Sector Fund to an approved fund, and the pre-1998 vested right was not taken into account.
... ... @@ -90,7 +90,7 @@
90 90  
91 91  * Additional Voluntary contributions were not taken into account when the member exited the fund.
92 92  
93 -*
92 +*
94 94  ** Provide a letter from the Fund that the additional voluntary contributions was received as well as confirmation that SARS was informed of the additional voluntary contributions that was not taken into account before the member exited from the fund.
95 95  
96 96  * The incorrect reason on the original tax directive application was used and that the incorrect reason has a tax implication. For example, the reason for application is ‘Resignation’ was used instead of ‘Termination of Employment (Retrenchment)’.
... ... @@ -108,7 +108,6 @@
108 108  
109 109  * The incorrect PAYE number was used. The Fund must inform SARS of the incorrect PAYE number used and SARS will make a note on the directive to indicate the correct PAYE number.
110 110  
111 -
112 112  (% style="break-before: page; text-align: center;" %)
113 113  == (% style="color:#2980b9" %)**How to Submit a Request to Cancel an ROT**(%%) ==
114 114  
... ... @@ -119,32 +119,35 @@
119 119  * Once logged in, refer to the top Blue ribbon and select(% style="color:#2980b9" %) ‘**Services’**.
120 120  
121 121  
120 +
122 122  [[image:1633411558960-704.png]]
123 123  
124 -
125 125  * The requestor must select (% style="color:#2980b9" %)‘**Request’**(%%) on the(% style="color:#2980b9" %) ‘**Tax Directives**’(%%) menu.
126 126  
127 127  
128 128  (% style="text-align:center" %)
129 -[[image:1633411442692-971.png||height="397" width="204"]]
127 +[[image:1633411442692-971.png||height="467" width="240"]]
130 130  
131 131  
132 132  * On the list of forms displayed, the requestor must select (% style="color:#2980b9" %)‘**Cancel ROT**’(%%).
133 133  
134 134  
133 +
135 135  * On the (% style="color:#2980b9" %)‘**ROT Cancellation**’(%%) screen the requester has three options:
136 136  ** (% style="color:#2980b9" %)‘**Request to Cancel ROT**’(%%) – The requestor must use this option to submit a request to cancel an ROT.
137 137  ** (% style="color:#2980b9" %)‘**Existing ROTs**’(%%) – Can only be used by the Fund Administrator / Long-term Insurer who has submitted the ROT through SARS eFiling. A list of the ROT’s submitted will be displayed and the requestor can select the ROT they wish to cancel. They will to be able to view the detail required to submit the request to cancel the ROT.
138 138  ** (% style="color:#2980b9" %)‘**ROT Cancellation Request**’ (%%)– This function can only be used if the request to cancel an ROT was previously submitted and now the requestor is only enquiring on the status of the request.
139 139  
139 +
140 140  [[image:1633411587180-881.png||height="426" width="1207"]]
141 141  
142 142  
143 143  * The fields marked with an asterisk (*) are mandatory fields, and must be provided, although all the fields must be completed on the screen.
144 144  
145 +
145 145  (% style="color:#2980b9" %)**The information captured on the ROT must be provided in these fields, as described below:**
146 146  
147 -*
148 +*
148 148  ** Enter the (% style="color:#2980b9" %)**‘Original ROT application ID’**(%%) – This is the ROT01 ID or ROT02 ID number generated by the Interface Agency that was used to submit an ROT.
149 149  ** (% style="color:#2980b9" %)‘**Directive Number / IRP3 Number**’(%%) – Enter the tax directive number that was used to submit an ROT.
150 150  ** (% style="color:#2980b9" %)‘**ID Number**’(%%) – Enter the ID number of the original member who has elected to transfer / purchase annuity(ies). It must be the same ID number that was entered when the tax directive application was submitted.
... ... @@ -159,7 +159,7 @@
159 159  ** (% style="color:#2980b9" %)‘**Cancellation Reason**’(%%) – A short reason for the request to cancel the ROT must be provided. A letter with detailed reasons must be attached to the request.
160 160  * A confirmation message will be displayed when the requester clicks on the (% style="color:#2980b9" %)‘**Submit’**(%%) button.
161 161  
162 -(% style="text-align:center" %)
163 +
163 163  [[image:Cancelling a ROT_html_c11242b4f94951b2.png||height="109" width="410"]]
164 164  
165 165  
... ... @@ -172,13 +172,12 @@
172 172  [[image:Cancelling a ROT_html_2c808c49bcca1445.png||height="191" width="454"]]
173 173  
174 174  
175 -*
176 +*
176 176  ** The file size may not exceed 5mb and the following file types will be accepted: .doc .docx .(% style="color:#2980b9" %)**gif .Jiff .jpeg .jpg .pdf .png .xls .xlsx**
177 177  * The requestor can now (% style="color:#2980b9" %)‘**browse’** (%%)and upload the document.
178 178  * If the requester selects the (% style="color:#2980b9" %)‘**SUBMIT’**(%%) button the ROT cancellation submission confirmation message will be displayed.
179 179  
180 180  
181 -(% style="text-align:center" %)
182 182  [[image:Cancelling a ROT_html_be327ece21fa0132.png||height="125" width="489"]]
183 183  
184 184  
... ... @@ -185,13 +185,14 @@
185 185  * Existing ROT’s – can only be accessed by the Fund Administrator / Long-term Insurer who has submitted the ROT through (% style="color:#2980b9" %)//SARS eFiling//(%%). A list of the ROT’s submitted will be displayed and the requestor can select the ROT to be cancelled. Once selected the requestor can review the information relating to the ROT to be cancelled, thereafter select the function (% style="color:#2980b9" %)**‘Request to Cancel ROT’**.
186 186  
187 187  
188 +
188 188  (% style="text-align:center" %)
189 189  [[image:1633411703437-691.png]]
190 190  
191 191  
192 192  * (% style="color:#2980b9" %)‘**ROT Cancellation Request**(%%)**’** – Use this function to determine the status of the request to cancel an ROT.
194 +*
193 193  
194 -
195 195  [[image:Cancelling a ROT_html_7faeeeda69b44689.png||height="233" width="547"]]
196 196  
197 197  
... ... @@ -202,6 +202,7 @@
202 202  ** If the status is (% style="color:#2980b9" %)‘**In Progress**’(%%) the request is still under review and has not been finalised yet.
203 203  
204 204  
206 +
205 205  (% style="break-before: page; text-align: center;" %)
206 206  == (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
207 207  

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