The above benefit will be taxed as per the Income Tax Act of South Africa. A funeral benefit is payable from the Fund in the event of death a Member, Spouse or children.
Documents required:
For children not using the deceased surname:
Member | R80 000 |
Spouse (regardless of the number of spouses) | R80 000 |
Child aged 14 to 25(21 to 25, proof of study will be required) | R80 000 |
Children (Aged 6 to 13) | R50 000* |
Children (Aged 1 to 5) | R20 000* |
Children (Stillborn to 11 months) | R20 000* |
* Cover Amounts are limited by regulatory requirements to R20 000 for children aged under 6 years old and R50 000 for children aged between 6 years and 14 years old.
If you die, your next of kin or spouse must report your death to your employer’s Human Resources office. When reporting your death your spouse or next of kin should bring along a certified copy of your death certificate and your identity document. This will ensure that theProcess of paying the funeral benefit is done as soon as possible and that the death benefit claim from the Fund is initiated. There are many documents that need to be submitted, the sooner this is done the sooner your benefits can be paid.
Summary of claims process
The claims process