1 reviews | Active since Jun 2013
need the plan to be paid up
I have a retirement anuwity with salam i told them i need my money to be paid up now they are refusing saying that they can only give me the money at the age of 55 what do they mean i dont want their plan anymore and i want my money to be paid up as soon as possible
We acknowledge your posting. Sanlam are correct in stating that you may not access your fund before age 55. The reason for this is not Sanlam that do not want to pay, but legislation which stipulate that would the value of your retirement annuities in a fund exceed the amount of R7000, you are not allowed to terminate. The value of your previous retirement annuity paid in 2015, together with your current one, exceeds R7000, and therefore you may not terminate.
Unfortunately you will only be able to access your funds once you turn 55.
regards
Client Relations
We acknowledge your posting. Sanlam are correct in stating that you may not access your fund before age 55. The reason for this is not Sanlam that do not want to pay, but legislation which stipulate that would the value of your retirement annuities in a fund exceed the amount of R7000, you are not allowed to terminate. The value of your previous retirement annuity paid in 2015, together with your current one, exceeds R7000, and therefore you may not terminate.
Unfortunately you will only be able to access your funds once you turn 55.
regards
Client Relations
We acknowledge your posting. Sanlam are correct in stating that you may not access your fund before age 55. The reason for this is not Sanlam that do not want to pay, but legislation which stipulate that would the value of your retirement annuities in a fund exceed the amount of R7000, you are not allowed to terminate. The value of your previous retirement annuity paid in 2015, together with your current one, exceeds R7000, and therefore you may not terminate.
Unfortunately you will only be able to access your funds once you turn 55.
regards
Client Relations
We acknowledge your posting. Sanlam are correct in stating that you may not access your fund before age 55. The reason for this is not Sanlam that do not want to pay, but legislation which stipulate that would the value of your retirement annuities in a fund exceed the amount of R7000, you are not allowed to terminate. The value of your previous retirement annuity paid in 2015, together with your current one, exceeds R7000, and therefore you may not terminate.
Unfortunately you will only be able to access your funds once you turn 55.
regards
Client Relations
We acknowledge receipt of your post and will correspond with you.
Client Relations
We acknowledge receipt of your post and will correspond with you.
Client Relations
We acknowledge receipt of your post and will correspond with you.
Client Relations
We acknowledge receipt of your post and will correspond with you.
Client Relations
Good day
We have to abide by legislation. We are closing the matter relating to this. You have recourse to approach the Pension Funds Adjudicator. We would like to encourage you to peruse their website as you will be able to find determinations relating to cases that is identical to yours.
Regards
Good day
We have to abide by legislation. We are closing the matter relating to this. You have recourse to approach the Pension Funds Adjudicator. We would like to encourage you to peruse their website as you will be able to find determinations relating to cases that is identical to yours.
Regards
Good day Tshenolos
Your perception about Sanlam is unfortunate. You can engage with your intermediary as you can also transfer the retirement annuity to another insurer of your choice. However, note that the same legislation will then apply.
We are closing the matter now.
Regards
Client Relations
Good day Tshenolos
Your perception about Sanlam is unfortunate. You can engage with your intermediary as you can also transfer the retirement annuity to another insurer of your choice. However, note that the same legislation will then apply.
We are closing the matter now.
Regards
Client Relations
Good day
We acknowledge receipt of your post and will investigate the matter.
Regards,
Client Relations
Good day
We acknowledge receipt of your post and will investigate the matter.
Regards,
Client Relations
Good day
We have been informed that feedback was provided via e mail.
Kind Regards ,
Client Relations
Good day
We have been informed that feedback was provided via e mail.
Kind Regards ,
Client Relations