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Author

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1		-XWiki.dominiquet
	1	+XWiki.megank

Content

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48	48	== (% style="color:#2980b9" %)**Section 14 where the member is invested in a Managed Fund**(%%) ==
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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. Ensure the workflow is completed so that all relevant accounts are updated.
	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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53	53	== (% style="color:#2980b9" %)**Section 14 where the member is invested in a Unitized Fund**(%%) ==
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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. Ensure the workflow is completed so that all relevant accounts are updated.
	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.
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77	77	(% style="text-align:center" %)
78	78	[[image:1633327074202-714.png]]
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80		-(% style="break-before: page" %)
	80	+
81	81	A report will generate reflecting the member’s current Fund Credit.
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214	214	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.
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216		-(% style="break-before: page" %)
	216	+
217	217	== (% style="color:#2980b9" %)**Bulk Section 14 where the member is invested in a Unitised Fund**(%%) ==
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219	219	1. Generate a few Member Statements and ensure that all transactions have been completed and priced. Also ensure there are no Outstanding Contributions.
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224	224	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.
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227	227	(% style="text-align:center" %)
228	228	[[image:1633328856464-285.png]]
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241	241	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.
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244	244	(% style="text-align:center" %)
245	245	[[image:1633328986406-762.png]]
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248	248	Only once the disinvestment process has been finalised in full can the user continue with the process.
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250		-(% style="break-before: page %)
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251	251	Select and generate the(% style="color:#2980b9" %) “**Client Member Investment Product**”(%%) batch, once the disinvestment has been actioned and priced.
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253	253	(% style="color:#2980b9" %)**Effective Date:**(%%) Today’s date.
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262	262	A report will generate reflecting the member’s current Fund Credit.
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	266	+​​​​​​​
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265	265	(% style="text-align:center" %)
266	266	[[image:1633330357571-100.png]]
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314	314	Select and generate the (% style="color:#2980b9" %)“**Import Unclaimed Benefits**”(%%) batch.
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	320	+ ​​​​​​​
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318	318	(% style="text-align:center" %)
319	319	[[image:1633327705654-665.png]]