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How GEPF works regarding pay outs and early retirement

When you retire at age 50, withdrawal tax tables would apply and would therefore lower tax concessions.

Cheryl van Rooyen, CFP® of Efficient Financial Services shares her knowledge in this quick video.

– When can one take early retirement from the Government Employees Pension Fund (GEPF)?
– What is the ‘penalty’?
– What is the difference between a withdrawal and retirement from a fund?
– What makes the tax-free benefit on GEPF different to other retirement funds?

Brought to you by the Financial Planning Institute of Southern Africa (FPI).

COMMENTS   2

Comments on this article are closed.

My dealings with GEPF (on behalf of my father ) is that they are thieves. When my father died on the 22nd of the month GEPF claimed back his full months pension for that month and then calculated my Mom’s proportional pension incorrectly.

a quarter percent for every month of early retirement would equate to 3% a year not 4% (i.e. 0.25*12)

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