Changes for page Section 14 transfer
Last modified by Megan Kahl on 2022/08/03 09:03
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... ... @@ -45,12 +45,12 @@ 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 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 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 ... ... @@ -174,6 +174,7 @@ 174 174 175 175 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. 176 176 177 + 177 177 178 178 (% style="text-align:center" %) 179 179 [[image:1633328312880-362.png]] ... ... @@ -182,7 +182,7 @@ 182 182 Click on the (% style="color:#2980b9" %)__**cflo**__(%%) button on the member record. A line would have been created for payment. 183 183 184 184 185 - 186 + 186 186 187 187 (% style="text-align:center" %) 188 188 [[image:1633328484167-380.png]] ... ... @@ -197,7 +197,7 @@ 197 197 198 198 199 199 (% style="text-align:center" %) 200 -[[image:1633328582529-671.png ||height="189" width="466"]]201 +[[image:1633328582529-671.png]] 201 201 202 202 203 203 (% style="text-align:center" %) ... ... @@ -383,7 +383,7 @@ 383 383 384 384 385 385 (% style="text-align:center" %) 386 -[[image:1633328582529-671.png ||height="189" width="466"]]387 +[[image:1633328582529-671.png]] 387 387 388 388 389 389