Changes for page Section 14 transfer

Last modified by Megan Kahl on 2022/08/03 09:03

<
From version < 91.1 >
edited by Megan Kahl
on 2021/10/04 07:07
To version < 89.1 >
edited by Megan Kahl
on 2021/10/04 07:05
>
Change comment: There is no comment for this version

Summary

Details

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... ... @@ -45,12 +45,12 @@
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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.
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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 @@
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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.
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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.
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187 187  (% style="text-align:center" %)
188 188  [[image:1633328484167-380.png]]
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199 199  (% style="text-align:center" %)
200 -[[image:1633328582529-671.png||height="189" width="466"]]
201 +[[image:1633328582529-671.png]]
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203 203  (% style="text-align:center" %)
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385 385  (% style="text-align:center" %)
386 -[[image:1633328582529-671.png||height="189" width="466"]]
387 +[[image:1633328582529-671.png]]
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