Make contributions. The fund does not accept cash contributions. You may make the following contributions (subject to limitations set out in the latest relevant form) in South African rands: • Initial or additional lump sums by internet transfer (payment by EFT). • Electronic collection of lump sums (once-off debits). • Cheque deposits. • Recurring monthly contributions by debit order. • Transfers from other retirement funds. Membership of the fund is voluntary which means that you become a member by choice and you may stop contributing to the fund at any time. You must make sure that you make your contributions to the fund, or that your contribution is available in your bank account for collection via debit order, prior to the Administrator processing your instrutions. The Administrator will not process any debits orders from a ‘blocked rand’ or ‘non-resident transferable’ bank account. There is no obligation on the fund to ensure contributions are made by you, or on your behalf. You may transfer your benefit from another retirement fund to the fund provided the rules of the other fund allow for such a transfer and subject to any conditions that the fund or regulatory authorities may set. The minimum contribution amount is disclosed in the relevant fund documentation and may change from time to time.
Appears in 2 contracts
Sources: Investment Agreement, Investment Agreement