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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	66	* Generate a few Member Statements and ensure that all transactions have been completed and priced.
67	67	* Check that there are no Outstanding Contributions.
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150	150
151	151	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.
152	152
153		-​​​​​​​
154	154
155	155
156	156	(% style="text-align:center" %)
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218	218	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.
219	219
220	220
221		-(% style="color:#2980b9" %)**Bulk Section 14 where the member is invested in a Unitised Fund**
	220	+=== (% style="color:#2980b9" %)**Bulk Section 14 where the member is invested in a Unitised Fund**(%%) ===
222	222
223	223	1. Generate a few Member Statements and ensure that all transactions have been completed and priced. Also ensure there are no Outstanding Contributions.
224	224	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.
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254	254	Only once the disinvestment process has been finalised in full can the user continue with the process.
255	255
256	256
257		-Select and generate the(% style="color:#2980b9" %) “**Client Member Investment Product**”(%%) batch, once the disinvestment has been actioned and priced.
	256	+Select and generate the(% style="color:#2980b9" %) “**Client Member Investment Product**”(%%) batch, once the disinvestment has been actioned and priced.
258	258
259	259	(% style="color:#2980b9" %)**Effective Date:**(%%) Today’s date.
260	260
...	...	@@ -261,124 +261,147 @@
261	261	Click on (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**”.
262	262
263	263
264		-[[image:Section 14 Transfer Process_html_5a5c356aa4481b66.png||height="138" width="596"]]
	263	+(% style="text-align:center" %)
	264	+[[image:1633330252894-988.png]]
265	265
266	266
267	267	A report will generate reflecting the member’s current Fund Credit.
268	268
	269	+​​​​​​​
269	269
270		-[[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"]]
	271	+(% style="text-align:center" %)
	272	+[[image:1633330357571-100.png]]
271	271
272	272
273	273
	276	+Using the (% style="color:#2980b9" %)**Import Unclaimed Benefit Template, **(%%)create a file for import.
274	274
275		-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.
	278	+This template will process the member’s exits in Bulk and write up the payment to be paid into the transferring Fund.
276	276
	280	+​​​​​​
277	277
278		-[[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"]]
	282	+(% style="text-align:center" %)
	283	+[[image:1633327441733-379.png]]
279	279
280	280
281	281	Critical fields that must be considered are:
282	282
283	283
	289	+(% style="color:#2980b9" %)**System Number**(%%) This is the unique Everest generated number.
284	284
285		-System Number This is the unique Everest generated number.
	291	+(% 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.
286	286
287		-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.
	293	+(% style="color:#2980b9" %)**ID Number**(%%) Members Identity number.
288	288
289		-ID Number Members Identity number.
	295	+(% style="color:#2980b9" %)**Tax Ref No**(%%) Members tax reference number.
290	290
291		-Tax Ref No Members tax reference number.
	297	+(% style="color:#2980b9" %)**DOX **(%%)Date of exit, this is the Section 14 date.
292	292
293		-DOX Date of exit, this is the Section 14 date.
	299	+(% 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
294	294
295		-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
	301	+(% style="color:#2980b9" %)**Tax Upload Group**(%%) Set a tax group name, for example 22042020 (date of tax application)
296	296
297		-Tax Upload Group Set a tax group name, for example 22042020 (date of tax application)
	303	+(% style="color:#2980b9" %)**Effective Date **(%%)This is the Section 14 Date.
298	298
299		-Effective Date This is the Section 14 Date.
	305	+(% style="color:#2980b9" %)**Transfer **(%%)Always set this to Y
300	300
301		-Transfer Always set this to Y
	307	+(% 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.
302	302
303		-Transfer Fund Type This is the transfer fund type of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
	309	+(% style="color:#2980b9" %)**Transfer Fund Name**(%%) This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
304	304
305		-Transfer Fund Name This is the name of the receiving Fund. This needs to match the System Bank Accounts screen exactly.
	311	+(% 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.
306	306
307		-FSB Transfer Fund No This is the FSB number of the receiving fund and must match the System bank account screen exactly.
	313	+(% style="color:#2980b9" %)**Transfer Participating**(%%) This is only required if the last 6 digits of the FSB Transfer number
308	308
309		-Transfer Participating This is only required if the last 6 digits of the FSB Transfer number
	315	+(% style="color:#2980b9" %)**Employer**(%%) does not end in zeros (0)
310	310
311		-Employer does not end in zeros (0)
312	312
313		-
314	314	Once the file has been updated, save the file for import into the system.
315	315
316		-Select and generate the “**Import Unclaimed Benefits**” batch.
	320	+Select and generate the (% style="color:#2980b9" %)“**Import Unclaimed Benefits**”(%%) batch.
317	317
318	318
319		-[[image:Section 14 Transfer Process_html_31273b549dc2bb7f.gif||alt="Shape50"]] [[image:Section 14 Transfer Process_html_41e229bc4d6e5f9.png||height="355" width="596"]]
	323	+ ​​​​​​​
320	320
	325	+(% style="text-align:center" %)
	326	+[[image:1633327705654-665.png]]
321	321
322		-Client This is the Client for which the Section 14 is being processed.
323	323
324		-File Name Click on the “**Browse**” button and locate the saved file.
	329	+(% style="color:#2980b9" %)**Client **(%%)This is the Client for which the Section 14 is being processed.
325	325
326		-Batch Reference This is defaulted by the system.
	331	+(% style="color:#2980b9" %)**File Name**(%%) Click on the (% style="color:#2980b9" %)“**Browse**”(%%) button and locate the saved file.
327	327
328		-Client Parent This is the Parent that the client belongs to.
	333	+(% style="color:#2980b9" %)**Batch Reference**(%%) This is defaulted by the system.
329	329
330		-Click on the “**Save**” and “**Execute**” button.
	335	+(% style="color:#2980b9" %)**Client Parent **(%%)This is the Parent that the client belongs to.
331	331
	337	+
	338	+Click on the (% style="color:#2980b9" %)“**Save**”(%%) and (% style="color:#2980b9" %)“**Execute**”(%%) button.
	339	+
332	332	Two reports will generate. The first being confirmation of the fields that were required and what was supplied to generate the report.
333	333
334	334
	343	+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.
335	335
336		-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.
337	337
338	338
339		-[[image:Section 14 Transfer Process_html_7c90677e5d7d8644.gif||alt="Shape51"]]
	347	+​​​​​​​
340	340
341		-[[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"]]
	349	+(% style="text-align:center" %)
	350	+[[image:1633327962522-699.png]]
342	342
343	343
344	344
345	345	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.
346	346
347		-The member records now appear in RED with an exit date and an exit type.
	356	+The member records now appear in(% style="color:#e74c3c" %) RED(%%) with an exit date and an exit type.
348	348
349	349
350		-[[image:Section 14 Transfer Process_html_f70533c7086bc698.gif||alt="Shape57"]] [[image:Section 14 Transfer Process_html_6e379d9d97fe9faf.png||height="29" width="596"]]
	359	+(% style="text-align:center" %)
	360	+[[image:1633328086509-533.png]]
351	351
352	352
353		-Once the tax response is received, the “**Import Unclaimed Benefits – Creditor Payment**” batch needs to be run.
	363	+Once the tax response is received, the (% style="color:#2980b9" %)“**Import Unclaimed Benefits – Creditor Payment**”(%%) batch needs to be run.
354	354
355		-Insert the Batch Number from your import, that was done previously, into this Batch Ref field.
	365	+Insert the (% style="color:#e74c3c" %)Batch Ref Number(%%) from your import, that was done previously, into this Batch Ref field.
356	356
357	357	The Administrator Bank field is the name of the creditor being paid that has been set up under System Bank Accounts (Transfer Funds).
358	358
359	359	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.
360	360
361		-Click on the __cflo__ button on the member record. A line would have been created for payment.
	371	+Click on the(% style="color:#2980b9" %)** __cflo__ **(%%)button on the member record. A line would have been created for payment.
362	362
363	363
364		-[[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"]]
	374	+​​​​​​​
365	365
	376	+(% style="text-align:center" %)
	377	+[[image:1633328484167-380.png]]
366	366
367		-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.
368	368
	380	+The payment can now be made in Bulk at the Parent Level.
369	369
370		-[[image:Section 14 Transfer Process_html_fdf87a27103cb999.gif||alt="Shape64"]] [[image:Section 14 Transfer Process_html_53a634c37cdda971.png||height="118" width="318"]]
	382	+Go to (% style="color:#2980b9" %)Accounts > Debtors and Creditors(%%) Menu item. Select (% style="color:#2980b9" %)**“Creditors”.**
371	371
372		-[[image:Section 14 Transfer Process_html_2541c1ea5f14a2ee.png||height="92" width="596"]]
	384	+A creditor payment reflects in the Creditor Payment.
373	373
374	374
	387	+(% style="text-align:center" %)
	388	+[[image:1633328582529-671.png]]
375	375
376		-Select __eft__ hyperlink and a batch editor screen will open to generate the Payment.
377	377
378	378
379		-[[image:Section 14 Transfer Process_html_f7922830ceb22f0e.gif||alt="Shape65"]] [[image:Section 14 Transfer Process_html_bef0d58a1354411a.png||height="156" width="596"]]
380	380
	393	+(% style="text-align:center" %)
	394	+[[image:1633328678458-232.png]]
381	381
	396	+
	397	+Select (% style="color:#2980b9" %)**__eft__ **(%%)hyperlink and a batch editor screen will open to generate the Payment.
	398	+
	399	+
	400	+(% style="text-align:center" %)
	401	+[[image:1633328773306-793.png]]
	402	+
	403	+
382	382	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.
383	383
384	384