In order to transfer funds into GEPF, you must be a contributing member, in other words you must have already been given a pension number.
If you do not have a GEPF pension number, your employer needs to complete and submit an admission Z125 form, together with your first pay slip in order for a pension number to be generated. Once the pension number has been generated, you will then be able to transfer funds into GEPF.
If you are already a GEPF member with a current pension number, the transferring fund should complete items A, B, D and F of the Z1526 form and your current employer must complete items G and H. This application, Z1526,form must be returned to the GEPF to register your application to transfer into the Fund.
Funds may only be transferred from approved retirement funds that are registered with the Financial Services Board (FSB) and with South African Revenue Services (SARS).
The transferring fund must send the Recognition of Transfer document (ROT) to GEPF to complete and return to them whereupon they will request approval from the FSB for the transfer value to be transferred.
When your transferring fund has made the payment to GEPF, they must submit proof of payment. This proof of payment can be e-mailed to firstname.lastname@example.org or alternatively to email@example.com or sent via fax to 012 328 45 81. Once the proof of payment has been received, the funds will be allocated to your pension number and an additional period of service will be calculated for the amount of money that was received, as GEPF is a defined benefit fund.
Once the calculations are finalised, an explanatory letter will be sent to you and to your employer to inform you that the transfer has been finalised and that an additional pensionable service period was added to your current pensionable service period in GEPF. Please be aware that additional pensionable service will be added on GEPF’s records as a period of bought service and the transaction may not be cancelled once approved.