Summary

• Page properties (1 modified, 0 added, 0 removed)
• Attachments (0 modified, 0 added, 4 removed)
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Details

Page properties

Content

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1		-(% class="wikigeneratedid" id="HSECTION14TRANSFERPROCESS" style="text-align: center;" %)
2		-(% style="color:#2980b9; font-size:28px" %)**SECTION 14 TRANSFER PROCESS **
	1	+(% style="text-align: center;" %)
	2	+= (% style="color:#2980b9; font-size:28px" %)**Section 14 Transfer Process**(%%) =
3	3
4	4
5	5
...	...	@@ -11,10 +11,10 @@
11	11
12	12
13	13	(% style="text-align:center" %)
14		-[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||data-xwiki-image-style-alignment="center" height="128" width="463"]]
	14	+[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]
15	15
16	16	{{info}}
17		-(% style="break-before: page; text-align: center;" %)
	17	+(% style="text-align: center;" %)
18	18	(% style="color:#2980b9; font-size:20px" %)**TABLE OF CONTENTS**
19	19
20	20
...	...	@@ -25,8 +25,8 @@
25	25
26	26
27	27
28		-(% style="break-before: page; text-align: center;" %)
29		-= (% style="color:#2980b9" %)**Introduction**(%%) =
	28	+(% style="text-align: center;" %)
	29	+== (% style="color:#2980b9" %)**Introduction**(%%) ==
30	30
31	31
32	32
...	...	@@ -40,86 +40,93 @@
40	40
41	41
42	42
43		-(% style="break-before: page; text-align: center;" %)
44		-= (% style="color:#2980b9" %)**Section 14 Process for an Individual Member**(%%) =
	43	+(% style="text-align: center;" %)
	44	+== (% style="color:#2980b9" %)**Section 14 Process for an Individual Member**(%%) ==
45	45
46	46
47	47
48		-== (% style="color:#2980b9" %)**Section 14 where the member is invested in a Managed Fund**(%%) ==
	48	+(% style="color:#2980b9" %)**Section 14 where the member is invested in a Managed Fund**
49	49
50		-Generate a Member Statement and ensure that all transactions have been completed and priced.  Exit the member using the standard Member Exit Batch.  Ensure that the workflow process is completed in full.  The Disinvestment Process, which is part of the workflow MUST be done to ensure that the investable portion is moved to Bank for payment. Tax must be applied for on all Section 14 Transfers, in line with SARS’ rules.  Payment is then made to the receiving Fund.
	50	+Generate a Member Statement and ensure that all transactions have been completed and priced. Exit the member using the standard Member Exit Batch. Ensure that the workflow process is completed in full. The Disinvestment Process, which is part of the workflow MUST be done to ensure that the investable portion is moved to Bank for payment. Tax must be applied for on all Section 14 Transfers, in line with SARS’ rules. Payment is then made to the receiving Fund.
51	51
52	52
53		-== (% style="color:#2980b9" %)**Section 14 where the member is invested in a Unitized Fund**(%%) ==
	53	+(% style="color:#2980b9" %)**Section 14 where the member is invested in a Unitized Fund**
54	54
55		-Generate a Member Statement and ensure that all transactions have been completed and priced.  Exit the member using the standard Member Exit Batch.  Ensure that the workflow process is completed in full.  The Disinvestment Process, which is part of the workflow MUST be done to ensure that the investable portion is moved to Bank for payment.  Execute the transaction in Market and ensure that the transaction is priced before continuing. Tax must be applied for on all Section 14 Transfers, in line with SARS’ rules.  Payment is then made to the receiving Fund.
	55	+Generate a Member Statement and ensure that all transactions have been completed and priced. Exit the member using the standard Member Exit Batch. Ensure that the workflow process is completed in full. The Disinvestment Process, which is part of the workflow MUST be done to ensure that the investable portion is moved to Bank for payment. Execute the transaction in Market and ensure that the transaction is priced before continuing. Tax must be applied for on all Section 14 Transfers, in line with SARS’ rules. Payment is then made to the receiving Fund.
56	56
57	57
58	58
59		-(% style="break-before: page; text-align: center;" %)
60		-= (% style="color:#2980b9" %)**Bulk Section 14 Process**(%%) =
	59	+(% style="text-align: center;" %)
	60	+== (% style="color:#2980b9" %)**Bulk Section 14 Process**(%%) ==
61	61
62	62
63	63
64		-== (% style="color:#2980b9" %)**Bulk Section 14 where the member is invested in a Managed Fund**(%%) ==
	64	+(% style="color:#2980b9" %)**Bulk Section 14 where the member is invested in a Managed Fund**
65	65
66		-* Generate a few Member Statements and ensure that all transactions have been completed and priced. Check that there are no Outstanding Contributions.
67		-* that the banking details of the receiving Fund has been loaded in the (% style="color:#2980b9" %)Administration > Financial Settings > System Bank Accounts > Transfer Funds (Bank Account Type)(%%) screen. Should the user not have access to this screen ensure that someone who does have access loads the banking details before commencing the process.
	66	+* Generate a few Member Statements and ensure that all transactions have been completed and priced.
	67	+* Check that there are no Outstanding Contributions.
	68	+* Ensure that the banking details of the receiving Fund has been loaded in the (% style="color:#2980b9" %)Administration > Financial Settings > System Bank Accounts > Transfer Funds (Bank Account Type)(%%) screen. Should the user not have access to this screen ensure that someone who does have access loads the banking details before commencing the process.
68	68
69		-Select and generate the(% style="color:#2980b9" %) “**Client Member Investment Product”** (%%)batch.
70	70
71		-(% style="color:#2980b9" %)**Effective Date:**(%%)** **Today’s date.
	71	+Select and generate the(% style="color:#2980b9" %) “**Client Member Investment Product”** (%%)batch.
72	72
	73	+Effective Date: (% style="color:#2980b9" %)Today’s date.
	74	+
73	73	Click on (% style="color:#2980b9" %)“**Save**” (%%)and (% style="color:#2980b9" %)“**Execute**”.
74	74
75	75
76	76	(% style="text-align:center" %)
77		-[[image:1633327074202-714.png||data-xwiki-image-style-alignment="center"]]
	79	+[[image:1633327074202-714.png]]
78	78
79		-(% style="break-before: page" %)
	81	+
80	80	A report will generate reflecting the member’s current Fund Credit.
81	81
82	82
83	83	(% style="text-align:center" %)
84		-[[image:1633327282743-140.png||data-xwiki-image-style-alignment="center"]]
	86	+[[image:1633327282743-140.png]]
85	85
86	86
87	87	Using the (% style="color:#2980b9" %)**Import Unclaimed Benefit Template**(%%), create a file for import. This template will process the member’s exits in Bulk and write up the payment to be paid into the transferring Fund.
88	88
89	89
	92	+​​​​​​​
	93	+
90	90	(% style="text-align:center" %)
91		-[[image:1633327441733-379.png||data-xwiki-image-style-alignment="center"]]
	95	+[[image:1633327441733-379.png]]
92	92
93	93
94	94	Critical fields that must be considered are:
95	95
96		-(% style="color:#2980b9" %)**System Number  **(%%) This is the unique Everest generated number.
97	97
98		-(% style="color:#2980b9" %)**Exit Type**(%%)  The Exit type is depicted as a number that must be copied from the Key to ensure that the correct exit type is used.
	101	+(% style="color:#2980b9" %)**System Number**(%%) This is the unique Everest generated number.
99	99
100		-(% style="color:#2980b9" %)**ID Number**(%%)  Member’s Identity number.
	103	+(% style="color:#2980b9" %)**Exit Type**(%%)** **The Exit type is depicted as a number that must be copied from the Key to ensure that the correct exit type is used.
101	101
102		-(% style="color:#2980b9" %)**Tax Ref No**(%%)  Member’s tax reference number.
	105	+(% style="color:#2980b9" %)**ID Number **(%%)Member’s Identity number.
103	103
104		-(% style="color:#2980b9" %)**DOX  **(%%) Date of exit, this is the Section 14 date.
	107	+(% style="color:#2980b9" %)**Tax Ref No**(%%) Member’s tax reference number.
105	105
106		-(% style="color:#2980b9" %)**Gross Benefit  **(%%) This is the Rand Amount of the member’s benefit to be transferred, if its not 100% of the members benefit. Leave blank if  the full benefit is to be transferred
	109	+(% style="color:#2980b9" %)**DOX **(%%)Date of exit, this is the Section 14 date.
107	107
108		-(% style="color:#2980b9" %)**Tax Upload Group**(%%)  Set a tax group name, for example 22042020 (date of tax application)
	111	+(% style="color:#2980b9" %)**Gross Benefit **(%%)This is the Rand Amount of the member’s benefit to be transferred, if its not 100% of the members benefit. Leave blank if the full benefit is to be transferred
109	109
110		-(% style="color:#2980b9" %)**Effective Date **(%%) This is the Section 14 Date.
	113	+(% style="color:#2980b9" %)**Tax Upload Group **(%%)Set a tax group name, for example 22042020 (date of tax application)
111	111
112		-(% style="color:#2980b9" %)**Transfer **(%%) Always set this to Y
	115	+(% style="color:#2980b9" %)**Effective Date**(%%) This is the Section 14 Date.
113	113
114		-(% style="color:#2980b9" %)**Transfer Fund Type**(%%)  This is the transfer fund type of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
	117	+(% style="color:#2980b9" %)**Transfer**(%%) Always set this to Y
115	115
116		-(% style="color:#2980b9" %)**Transfer Fund Name**(%%)  This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
	119	+(% style="color:#2980b9" %)**Transfer Fund Type**(%%) This is the transfer fund type of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
117	117
118		-(% style="color:#2980b9" %)**FSB Transfer Fund No **(%%) This is the FSB number of the receiving fund and must match the System bank account screen exactly.
	121	+(% style="color:#2980b9" %)**Transfer Fund Name**(%%) This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
119	119
120		-(% style="color:#2980b9" %)**Transfer Participating Employer  **(%%) This is only required if the last 6 digits of the FSB Transfer number(% style="color:#2980b9" %)** **(%%)does not end in zeros (0)
	123	+(% style="color:#2980b9" %)**FSB Transfer Fund No **(%%)This is the FSB number of the receiving fund and must match the System bank account screen exactly.
121	121
	125	+(% style="color:#2980b9" %)**Transfer Participating**(%%) This is only required if the last 6 digits of the FSB
122	122
	127	+(% style="color:#2980b9" %)**Employer**(%%) Transfer number does not end in zeros (0)
	128	+
	129	+
123	123	Once the file has been updated, save the file for import into the system.
124	124
125	125	Select and generate the (% style="color:#2980b9" %)“**Import Unclaimed Benefits**”(%%) batch.
...	...	@@ -126,16 +126,16 @@
126	126
127	127
128	128	(% style="text-align:center" %)
129		-[[image:1633327705654-665.png||data-xwiki-image-style-alignment="center"]]
	136	+[[image:1633327705654-665.png]]
130	130
131	131
132		-(% style="color:#2980b9" %)**Client  **(%%) This is the Client for which the Section 14 is being processed.
	139	+(% style="color:#2980b9" %)**Client **(%%)This is the Client for which the Section 14 is being processed.
133	133
134		-(% style="color:#2980b9" %)**File Name**(%%)  Click on the (% style="color:#2980b9" %)“**Browse**” (%%)button and locate the saved file.
	141	+(% style="color:#2980b9" %)**File Name**(%%) Click on the (% style="color:#2980b9" %)“**Browse**”(%%) button and locate the saved file.
135	135
136		-(% style="color:#2980b9" %)**Batch Reference**(%%)  This is defaulted by the system.
	143	+(% style="color:#2980b9" %)**Batch Reference**(%%) This is defaulted by the system.
137	137
138		-(% style="color:#2980b9" %)**Client Parent **(%%) This is the Parent that the client belongs to.
	145	+(% style="color:#2980b9" %)**Client Parent **(%%)This is the Parent that the client belongs to.
139	139
140	140
141	141	Click on the (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**” (%%)button.
...	...	@@ -143,40 +143,47 @@
143	143	Two reports will generate. The first being confirmation of the fields that were required and what was supplied to generate the report.
144	144
145	145
146		-The second report will confirm if the import was successful or not. If the import was not successful, the errors will need to be rectified before the import is run again. The(% style="color:#e74c3c" %) batch ref number(%%) of the successful import, as highlighted below, (% style="color:#2980b9" %)**must**(%%)** **be kept as it will be used later in the process.
	153	+The second report will confirm if the import was successful or not. If the import was not successful, the errors will need to be rectified before the import is run again. The(% style="color:#e74c3c" %) batch ref number(%%) of the successful import, as highlighted below, (% style="color:#2980b9" %)**must**(%%)** **be kept as it will be used later in the process.
147	147
	155	+​​​​​​​
148	148
	157	+
149	149	(% style="text-align:center" %)
150		-[[image:1633327962522-699.png||data-xwiki-image-style-alignment="center"]]
	159	+[[image:1633327962522-699.png]]
151	151
152	152
	162	+
153	153	The tax information will be populated with the transfer details contained in the file and under System Bank Accounts. The tax application will need to be submitted to SARS and a response is required before processing with payment.
154	154
155	155	The member records now appear in (% style="color:#e74c3c" %)RED(%%) with an exit date and an exit type.
156	156
	167	+​​​​​​​
	168	+
157	157	(% style="text-align:center" %)
158		-[[image:1633328086509-533.png||data-xwiki-image-style-alignment="center"]]
	170	+[[image:1633328086509-533.png]]
159	159
160		-Once the tax response is received, the (% style="color:#2980b9" %)**“Import Unclaimed Benefits – Creditor Payment” **(%%)batch needs to be run.
161	161
	173	+Once the tax response is received, the “Import Unclaimed Benefits – Creditor Payment” batch needs to be run.
162	162
163		-Insert the (% style="color:#e74c3c" %)Batch Number(%%) from your first import, that was done previously, into this Batch Ref field.
	175	+Insert the (% style="color:#e74c3c" %)Batch Ref Number (%%)from your first import, that was done previously, into this Batch Ref field.
164	164
165	165	The Administrator Bank field is the name of the creditor being paid that has been set up under System Bank Accounts (Transfer Funds).
166	166
	179	+A report will generate confirming which benefits have been populated for payment. Only benefits where tax has been received back will be populated. The report will clearly highlight which members are ready for payment and which are not.
167	167
168		-A report will generate confirming which benefits have been populated for payment.  Only benefits where tax has been received back will be populated.  The report will clearly highlight which members are ready for payment and which are not.
	181	+​​​​​​​
169	169
170		-
171	171	(% style="text-align:center" %)
172		-[[image:1633328312880-362.png||data-xwiki-image-style-alignment="center"]]
	184	+[[image:1633328312880-362.png]]
173	173
174	174
175	175	Click on the (% style="color:#2980b9" %)__**cflo**__(%%) button on the member record. A line would have been created for payment.
176	176
177	177
	190	+​​​​​​​​​​​​​​
	191	+
178	178	(% style="text-align:center" %)
179		-[[image:1633328484167-380.png||data-xwiki-image-style-alignment="center"]]
	193	+[[image:1633328484167-380.png]]
180	180
181	181
182	182	The payment can now be made in Bulk at the Parent Level.
...	...	@@ -186,205 +186,183 @@
186	186	Select (% style="color:#2980b9" %)“**Creditors**”(%%). A creditor payment reflects in the Creditor Payment.
187	187
188	188
	203	+
189	189	(% style="text-align:center" %)
190		-[[image:1633328582529-671.png||data-xwiki-image-style-alignment="center" height="189" width="466"]]
	205	+[[image:1633328582529-671.png]]
191	191
192	192
193		-(% style="text-align:center" %)
194		-[[image:1633328678458-232.png||data-xwiki-image-style-alignment="center"]]
	208	+[[image:Section 14 Transfer Process_html_2541c1ea5f14a2ee.png||height="92" width="596"]]
195	195
196	196
197		-Select (% style="color:#2980b9" %)**__eft__ **(%%)hyperlink and a batch editor screen will open to generate the Payment.
	211	+Select __eft__ hyperlink and a batch editor screen will open to generate the Payment.
198	198
199		- ​​​​
200	200
201		-(% style="text-align:center" %)
202		-[[image:1633328773306-793.png||data-xwiki-image-style-alignment="center"]]
	214	+[[image:Section 14 Transfer Process_html_6fb6bea9bace00ee.gif||alt="Shape36"]] [[image:Section 14 Transfer Process_html_bef0d58a1354411a.png||height="156" width="596"]]
203	203
204	204
205	205	The payment can be approved on the Payment Management screen as a bulk payment. The process has been completed and the necessary payment records have been created.
206	206
207	207
208		-(% style="break-before: page" %)
209		-== (% style="color:#2980b9" %)**Bulk Section 14 where the member is invested in a Unitised Fund**(%%) ==
	220	+Bulk Section 14 where the member is invested in a Unitised Fund
210	210
211	211	1. Generate a few Member Statements and ensure that all transactions have been completed and priced. Also ensure there are no Outstanding Contributions.
212		-1. Ensure that the banking details of the receiving Fund has been loaded in the (% style="color:#2980b9" %)Administration > Financial Settings > System Bank Accounts > Transfer Funds (Bank Account Type)(%%) screen. Should the user not have access to this screen ensure that some who does have access loads the banking details.
	223	+1. Ensure that the banking details of the receiving Fund has been loaded in the Administration > Financial Settings > System Bank Accounts > Transfer Funds (Bank Account Type) screen. Should the user not have access to this screen ensure that some who does have access loads the banking details.
213	213
214		-Ensure that the client has been selected.
	225	+Ensure that the client has been selected. Go to the Accounts – Investment Switch Menu option and create the switch, moving 100% of the member’s Fund Credit into the bank account.
215	215
216		-Go to the (% style="color:#2980b9" %)Accounts > Investment Switch Menu(%%) option and create the switch, moving 100% of the member’s Fund Credit into the bank account.
217	217
	228	+[[image:Section 14 Transfer Process_html_c9a8f5eb63e4ea98.gif||alt="Shape38"]] [[image:Section 14 Transfer Process_html_8dd7da9fee6333c0.gif||alt="Shape37"]] [[image:Section 14 Transfer Process_html_914ecb34dc025696.png||height="77" width="596"]]
218	218
219		-(% style="text-align:center" %)
220		-[[image:1633328856464-285.png||data-xwiki-image-style-alignment="center"]]
221	221
	231	+The system has the option to import the member switch as well. Should only a select number of members be transferring out, the preferred option would be to complete the **“Investment Switches Import”** template and import the members for switching.
222	222
223		-The system has the option to import the member switch as well. Should only a select number of members be transferring out, the preferred option would be to complete the (% style="color:#2980b9" %)**“Investment Switches Import”** (%%)template and import the members for switching.
224	224
	234	+[[image:Section 14 Transfer Process_html_cdc9ae73d6e83c03.png||height="90" width="596"]]
225	225
226		-(% style="text-align:center" %)
227		-[[image:1633328913530-279.png||data-xwiki-image-style-alignment="center"]]
228	228
	237	+Please refer to the **Investment Switches** guide for the full process to be followed.
229	229
230		-Please refer to the (% style="color:#2980b9" %)**Investment Switches**(%%) guide for the full process to be followed.
231	231
	240	+Once the switch has been generated (as per the Investment Switches guide), go to Accounts > Cashflow Unit Prices screen at a Parent level to obtain the number of units that must be disinvested from the market.
232	232
233		-Once the switch has been generated (as per the Investment Switches guide), go to (% style="color:#2980b9" %)Accounts > Cashflow Unit Prices (%%)screen at a Parent level to obtain the number of units that must be disinvested from the market.
234	234
	243	+[[image:Section 14 Transfer Process_html_5db01f746f85e705.gif||alt="Shape39"]] [[image:Section 14 Transfer Process_html_6b3e5fe8042b37fa.png||height="56" width="596"]]
235	235
236		-(% style="text-align:center" %)
237		-[[image:1633328986406-762.png||data-xwiki-image-style-alignment="center"]]
238	238
239	239	Only once the disinvestment process has been finalised in full can the user continue with the process.
240	240
241	241
242		-(% style="break-before: page" %)
243		-Select and generate the(% style="color:#2980b9" %) “**Client Member Investment Product**”(%%) batch, once the disinvestment has been actioned and priced.
	249	+Select and generate the “**Client Member Investment Product**” batch, once the disinvestment has been actioned and priced.
244	244
245		-(% style="color:#2980b9" %)**Effective Date:**(%%) Today’s date.
	251	+Effective Date: Today’s date.
246	246
247		-Click on (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**”.
	253	+Click on “**Save**” and “**Execute**”.
248	248
249	249
250		-(% style="text-align:center" %)
251		-[[image:1633330252894-988.png||data-xwiki-image-style-alignment="center"]]
	256	+[[image:Section 14 Transfer Process_html_5a5c356aa4481b66.png||height="138" width="596"]]
252	252
253		-
254	254	A report will generate reflecting the member’s current Fund Credit.
255	255
256	256
257		-(% style="text-align:center" %)
258		-[[image:1633330357571-100.png||data-xwiki-image-style-alignment="center"]]
	261	+[[image:Section 14 Transfer Process_html_dd6bb0d4aadcc1e.gif||alt="Shape45"]] [[image:Section 14 Transfer Process_html_44a69186be2f911d.gif||alt="Shape44"]] [[image:Section 14 Transfer Process_html_795b2fe118f74f90.gif||alt="Shape43"]] [[image:Section 14 Transfer Process_html_54c95dec8ba71eb7.gif||alt="Shape42"]] [[image:Section 14 Transfer Process_html_54c95dec8ba71eb7.gif||alt="Shape41"]] [[image:Section 14 Transfer Process_html_54c95dec8ba71eb7.gif||alt="Shape40"]] [[image:Section 14 Transfer Process_html_3d86ffcc6981f295.png||height="227" width="596"]]
259	259
260	260
261		-Using the (% style="color:#2980b9" %)**Import Unclaimed Benefit Template, **(%%)create a file for import.
262	262
263		-This template will process the member’s exits in Bulk and write up the payment to be paid into the transferring Fund.
264	264
265		-​​​​​​
	266	+Using the **Import Unclaimed Benefit Template, **create a file for import. This template will process the member’s exits in Bulk and write up the payment to be paid into the transferring Fund.
266	266
267		-(% style="text-align:center" %)
268		-[[image:1633327441733-379.png||data-xwiki-image-style-alignment="center"]]
269	269
270		-(% style="break-before: page" %)
271		-Critical fields that must be considered are:
	269	+[[image:Section 14 Transfer Process_html_b7c60dcb38cb3d0d.gif||alt="Shape49"]] [[image:Section 14 Transfer Process_html_b7c60dcb38cb3d0d.gif||alt="Shape48"]] [[image:Section 14 Transfer Process_html_89b2a307c6818d88.gif||alt="Shape47"]] [[image:Section 14 Transfer Process_html_89b2a307c6818d88.gif||alt="Shape46"]] [[image:Section 14 Transfer Process_html_edac83519c80620f.png||height="88" width="596"]]
272	272
273	273
274		-(% style="color:#2980b9" %)**System Number  **(%%) This is the unique Everest generated number.
	272	+Critical fields that must be considered are:
275	275
276		-(% style="color:#2980b9" %)**Exit Type **(%%) The Exit type is depicted as a number that must be copied from the Key to ensure that the correct exit type is used.
277	277
278		-(% style="color:#2980b9" %)**ID Number  **(%%) Members Identity number.
279	279
280		-(% style="color:#2980b9" %)**Tax Ref No  **(%%) Members tax reference number.
	276	+System Number This is the unique Everest generated number.
281	281
282		-(% style="color:#2980b9" %)**DOX **(%%) Date of exit, this is the Section 14 date.
	278	+Exit Type The Exit type is depicted as a number that must be copied from the Key to ensure that the correct exit type is used.
283	283
284		-(% style="color:#2980b9" %)**Gross Benefit **(%%) This is the Rand Amount of the member’s benefit to be transferred, if its not 100% of the members benefit. Leave blank if  the full benefit is to be transferred
	280	+ID Number Members Identity number.
285	285
286		-(% style="color:#2980b9" %)**Tax Upload Group **(%%) Set a tax group name, for example 22042020 (date of tax application)
	282	+Tax Ref No Members tax reference number.
287	287
288		-(% style="color:#2980b9" %)**Effective Date   **(%%) This is the Section 14 Date.
	284	+DOX Date of exit, this is the Section 14 date.
289	289
290		-(% style="color:#2980b9" %)**Transfer        **(%%) Always set this to Y
	286	+Gross Benefit This is the Rand Amount of the member’s benefit to be transferred, if its not 100% of the members benefit. Leave blank if the full benefit is to be transferred
291	291
292		-(% style="color:#2980b9" %)**Transfer Fund Type **(%%) This is the transfer fund type of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
	288	+Tax Upload Group Set a tax group name, for example 22042020 (date of tax application)
293	293
294		-(% style="color:#2980b9" %)**Transfer Fund Name**(%%)  This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
	290	+Effective Date This is the Section 14 Date.
295	295
296		-(% style="color:#2980b9" %)**FSB Transfer Fund No**(%%)  This is the FSB number of the receiving fund and must match the System bank account screen exactly.
	292	+Transfer Always set this to Y
297	297
298		-(% style="color:#2980b9" %)**Transfer Participating Employer  **(%%) This is only required if the last 6 digits of the FSB Transfer number(% style="color:#2980b9" %)** **(%%)does not end in zeros (0)
	294	+Transfer Fund Type This is the transfer fund type of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
299	299
	296	+Transfer Fund Name This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
300	300
301		-Once the file has been updated, save the file for import into the system.
	298	+FSB Transfer Fund No This is the FSB number of the receiving fund and must match the System bank account screen exactly.
302	302
303		-(% style="break-before: page" %)
304		-Select and generate the (% style="color:#2980b9" %)“**Import Unclaimed Benefits**”(%%) batch.
	300	+Transfer Participating This is only required if the last 6 digits of the FSB Transfer number
305	305
	302	+Employer does not end in zeros (0)
306	306
307		-(% style="text-align:center" %)
308		-[[image:1633327705654-665.png||data-xwiki-image-style-alignment="center"]]
309	309
	305	+Once the file has been updated, save the file for import into the system.
310	310
311		-(% style="color:#2980b9" %)**Client  **(%%) This is the Client for which the Section 14 is being processed.
	307	+Select and generate the “**Import Unclaimed Benefits**” batch.
312	312
313		-(% style="color:#2980b9" %)**File Name**(%%)  Click on the (% style="color:#2980b9" %)“**Browse**” (%%)button and locate the saved file.
314	314
315		-(% style="color:#2980b9" %)**Batch Reference**(%%)  This is defaulted by the system.
	310	+[[image:Section 14 Transfer Process_html_31273b549dc2bb7f.gif||alt="Shape50"]] [[image:Section 14 Transfer Process_html_41e229bc4d6e5f9.png||height="355" width="596"]]
316	316
317		-(% style="color:#2980b9" %)**Client Parent **(%%) This is the Parent that the client belongs to.
318	318
	313	+Client This is the Client for which the Section 14 is being processed.
319	319
320		-Click on the (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**”(%%) button.
	315	+File Name Click on the “**Browse**” button and locate the saved file.
321	321
322		-Two reports will generate. The first being confirmation of the fields that were required and what was supplied to generate the report.
	317	+Batch Reference This is defaulted by the system.
323	323
	319	+Client Parent This is the Parent that the client belongs to.
324	324
325		-The second report will confirm if the import was successful or not. If the import was not successful, the errors will need to be rectified before the import is run again. The (% style="color:#e74c3c" %)Batch Ref number(%%) of the successful import, as highlighted below, (% style="color:#2980b9" %)**must**(%%) be kept as it will be used later in the process.
	321	+Click on the “**Save**” and “**Execute**” button.
326	326
	323	+Two reports will generate. The first being confirmation of the fields that were required and what was supplied to generate the report.
327	327
328		-(% style="text-align:center" %)
329		-[[image:1633327962522-699.png||data-xwiki-image-style-alignment="center"]]
330	330
331	331
332		-The tax information will be populated along with the transfer details contained in the file and under System Bank Accounts. The tax application will need to be submitted to SARS and a response is required before processing with payment.
	327	+The second report will confirm if the import was successful or not. If the import was not successful, the errors will need to be rectified before the import is run again. The batch number of the successful import, as highlighted below, **must** be kept as it will be used later in the process.
333	333
334		-The member records now appear in(% style="color:#e74c3c" %) RED(%%) with an exit date and an exit type.
335	335
	330	+[[image:Section 14 Transfer Process_html_7c90677e5d7d8644.gif||alt="Shape51"]]
336	336
337		-(% style="text-align:center" %)
338		-[[image:1633328086509-533.png||data-xwiki-image-style-alignment="center"]]
	332	+[[image:Section 14 Transfer Process_html_72d505212098e4a4.gif||alt="Shape56"]] [[image:Section 14 Transfer Process_html_72d505212098e4a4.gif||alt="Shape55"]] [[image:Section 14 Transfer Process_html_7b5731133d009589.gif||alt="Shape54"]] [[image:Section 14 Transfer Process_html_f70533c7086bc698.gif||alt="Shape53"]] [[image:Section 14 Transfer Process_html_65c2790631bf45f.gif||alt="Shape52"]] [[image:Section 14 Transfer Process_html_f9794f129d0f132d.png||height="263" width="589"]]
339	339
340	340
341		-Once the tax response is received, the (% style="color:#2980b9" %)“**Import Unclaimed Benefits – Creditor Payment**”(%%) batch needs to be run.
342	342
	336	+The tax information will be populated along with the transfer details contained in the file and under System Bank Accounts. The tax application will need to be submitted to SARS and a response is required before processing with payment.
343	343
344		-Insert the Batch Number from your import, that was done previously, into this Batch Ref field.
	338	+The member records now appear in RED with an exit date and an exit type.
345	345
346		-The Administrator Bank field is the name of the creditor being paid that has been set up under System Bank Accounts (Transfer Funds).
347	347
	341	+[[image:Section 14 Transfer Process_html_f70533c7086bc698.gif||alt="Shape57"]] [[image:Section 14 Transfer Process_html_6e379d9d97fe9faf.png||height="29" width="596"]]
348	348
349		-A report will generate confirming which benefits have been populated for payment.  Only benefits where tax has been received back will be populated.  The report will clearly highlight which members are ready for payment and which are not.
350	350
	344	+Once the tax response is received, the “**Import Unclaimed Benefits – Creditor Payment**” batch needs to be run.
351	351
352		-Click on the (% style="color:#2980b9" %)cflo (%%)button on the member record. A line would have been created for payment.
	346	+Insert the Batch Number from your import, that was done previously, into this Batch Ref field.
353	353
	348	+The Administrator Bank field is the name of the creditor being paid that has been set up under System Bank Accounts (Transfer Funds).
354	354
355		-(% style="text-align:center" %)
356		-[[image:1633328484167-380.png||data-xwiki-image-style-alignment="center"]]
	350	+A report will generate confirming which benefits have been populated for payment. Only benefits where tax has been received back will be populated. The report will clearly highlight which members are ready for payment and which are not.
357	357
	352	+Click on the __cflo__ button on the member record. A line would have been created for payment.
358	358
359		-The payment can now be made in Bulk at the Parent Level.
360	360
361		-Go to (% style="color:#2980b9" %)Accounts > Debtors and Creditors(%%) Menu item. Select (% style="color:#2980b9" %)**“Creditors”.**
	355	+[[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape63"]] [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape62"]] [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape61"]] [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape60"]] [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape58"]] [[image:Section 14 Transfer Process_html_2a9cb94c0f4c405d.gif||alt="Shape59"]] [[image:Section 14 Transfer Process_html_732d6e4bdfdf6c4d.png||height="162" width="596"]]
362	362
363		-A creditor payment reflects in the Creditor Payment.
364	364
	358	+The payment can now be made in Bulk at the Parent Level. Go to Accounts > Debtors and Creditors Menu item. Select “Creditors”. A creditor payment reflects in the Creditor Payment.
365	365
366		-(% style="text-align:center" %)
367		-[[image:1633328582529-671.png||data-xwiki-image-style-alignment="center" height="189" width="466"]]
368	368
	361	+[[image:Section 14 Transfer Process_html_fdf87a27103cb999.gif||alt="Shape64"]] [[image:Section 14 Transfer Process_html_53a634c37cdda971.png||height="118" width="318"]]
369	369
370		-(% style="text-align:center" %)
371		-[[image:1633328678458-232.png||data-xwiki-image-style-alignment="center"]]
	363	+[[image:Section 14 Transfer Process_html_2541c1ea5f14a2ee.png||height="92" width="596"]]
372	372
373	373
374		-Select (% style="color:#2980b9" %)**__eft__ **(%%)hyperlink and a batch editor screen will open to generate the Payment.
375	375
	367	+Select __eft__ hyperlink and a batch editor screen will open to generate the Payment.
376	376
377		-(% style="text-align:center" %)
378		-[[image:1633328773306-793.png||data-xwiki-image-style-alignment="center"]]
379	379
	370	+[[image:Section 14 Transfer Process_html_f7922830ceb22f0e.gif||alt="Shape65"]] [[image:Section 14 Transfer Process_html_bef0d58a1354411a.png||height="156" width="596"]]
380	380
	372	+
381	381	The payment can be approved on the Payment Management screen as a bulk payment. The process has been completed and the necessary payment records have been created.
382	382
383	383
384	384
385	385
386		-(% style="break-before: page; text-align: center;" %)
387		-= (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) =
	378	+(% style="text-align: center;" %)
	379	+== (% style="color:#2980b9" %)**Disclaimer and Copyright**(%%) ==
388	388
389	389
390	390
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405	405
406	406	This documentation and the software described in it is the exclusive property of EBSphere (Pty) Ltd. This manual or the software may not be copied in whole or part, without the express written consent of EBSphere (Pty) Ltd. Under the law, copying includes translating into another language or format.
407	407
408		-
409	409	EBSphere (Pty) Limited
410	410
411	411	P.O. Box 785803
...	...	@@ -417,4 +417,4 @@
417	417
418	418
419	419	(% style="text-align:center" %)
420		-[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||data-xwiki-image-style-alignment="center" height="128" width="463"]]
	411	+[[image:Section 14 Transfer Process_html_8cba33b1e8c9fa24.gif||height="128" width="463"]]

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