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Answer
How do I request the EPPF to send me my payslips by email?

Please complete a Consent to Receive Email Payslips and Correspondence form and email, fax or post it back to us. Click here to download the form. ​

I receive a spouse’s pension, will it stop if I remarry?
The spouse's pension is payable for the duration of your lifetime, regardless of whether you remarry or not.​

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Does the EPPF pay pensioners bonuses?
Depending on the performance of our investments, the Board of Trustees may declare a bonus which is payable in December of that year. Pensioners are advised in December of each year whether a bonus is payable through a newsflash.​
What is an Evidence of Survival Form?

The Evidence of Survival (EOS) form is used by the EPPF to ascertain whether people in receipt of a pension from the EPPF --who live outside South Africa -- are still alive and are rightfully in receipt of a pension.  EOS forms are sent out annually to pensioners living outside South Africa and pensioners have a few months in which to complete them from the date on which the form is sent to them.

Communication about the opening and closing of EOS form submission will always be sent to all our pensioners. Should the EPPF not receive your form by the EOS submission closing date, your pension will be suspended until the form is received. Please contact us if you have not received an EOS form or log in to your profile to download the form.​

Why is my tax deduction fluctuating?

There are various factors which contribute to your tax fluctuating:

  • ​​​In December there was a bonus  paid so your tax deduction​ was different from other months;
  • ​In January there was a pension increase which also created a difference in tax payable;​
  • ​​In the February payroll medical aid contributions increased. Pensioners aged 65 years and older used to get a full medical aid rebate. However as medical aid contributions increase the taxable income decreases.
  • ​​The new tax year begins in March. The Fund's payroll system annualises tax based on the latest tax earnings and the last year's tax tables. Since the Fund's pension payroll runs in advance on the 1st of each month, new tax tables for the new tax year are always implemented in the April payroll. However, please note that the new tax tables implemented in April are implemented retrospectively to the March payroll as per tax changes announced in the budget speech. This means that your tax on the April payroll will include the March payroll deduction adjustments. Your tax should then stabilise from the May payroll onwards.

What are the new tax changes around medical aid?

Section 18(2) of the Income Tax Act has been repealed. This means that pensioners who are 65 years and older are no longer granted the full medical aid rebate by the employer during the tax year. Instead they are granted the medical tax credits by the employer according to the number of dependants they have on their medical aid. The section of the Income Tax Act that deals with medical aid tax credits is section 6A of the Income Tax Act.

Medical aid contributions, which include the employer's medical aid contributions are now calculated by SARS together with medical aid expenses (such as medication, doctor's consultations etc.) and tax credits in respect of the contributions and expenses are granted during the assessment year of tax returns. Should it happen that the pensioner has paid too much tax due to medical aid contributions not being deductible by the employer; SARS will refund the excess to the pensioner.

Medical aid contributions and medical expenses are granted in terms of section 6B of the Income Tax Act.

The Medical Scheme Fees Tax Credit for individuals is a credit which applies in respect of contributions paid by the pensioner up to the last day of the tax year to a registered medical scheme. The amount of credit is based on the following values per month in the year of assessment in respect of which the contributions were paid in respect of the pensioner, the pensioner's spouse and any other dependants.

Medical Scheme Fees Tax Credit

2016/2017 year of assessment

1 March 2016 to 28 February 2017

Amount
For the tax payerR286
For the first dependant R286
For each additional dependantR192

 

Medical Scheme fees tax credits are sourced from the South African Revenue Services' website: 2016/2017 SARS Medical Scheme fees tax rates

How will SARS know how much my employer's contribution is on medical aid?   

The employer's contribution is not disclosed on the payslip but it is disclosed on the tax certificate under the deduction code 4493. The pensioner's own medical aid contributions are disclosed under code 4005. Both of these amounts are added to form the total medical aid contributions, which is listed under code 4497.

SARS gets this information when the Fund submits the tax certificates on the pensioners' behalf during the employer annual submission time. ​

What is the tax payable in the 2016/2017 tax year?     
Taxable income (R) Rates of tax (R)
0 – 188 00018% of taxable income
188 001 – 293 60033 840 + 26% of taxable income above 188 000
293 601 – 406 40061 296 + 31% of taxable income above 293 600
406 401 – 550 10096 264 + 36% of taxable income above 406 400
550 101 – 701 300147 996 + 39% of taxable income above 550 100
701 301 and above206 964 + 41% of taxable income above 701 300


Tax Rebate  2016/2017 Tax Year
PrimaryR13 500
Secondary (65 and older)R7 407
Tertiary (75 and older)R2 466​


Tax thresholds applicable to individuals 2016/2017 Tax Year
Under 65R75 000
65 an olderR116 150
75 and olderR129 850

Taxable income rates, rebates and tax thresholds applicable to individuals for the 2016/2017 are sourced from the South African Revenue Services' website: 2016/2017 taxable income rates

Do I have to submit my returns even if the employer has submitted my tax certificate?

​Yes, you are still obliged to submit your returns as a confirmation of the information submitted by the employer on your behalf. In your instance, the EPPF represents the employer as the provider of a monthly income.​

I have received an AA88, what is AA88?

An AA88 is a garnishee order issued to the employer (the EPPF) against you by SARS for monies owed by yourself to SARS. Monies owed are usually due to non-submission of tax returns and non-payment of tax owed. An AA88 was previously referred to as an IT88.

When the employer or the EPPF receives this garnishee order it is required by law to comply and deduct the amount owed to SARS from your pension and pay it over to SARS on your behalf. This might affect your other deductions, as a SARS garnishee order takes precedence over other deductions.

Please contact your nearest SARS office to resolve your outstanding tax issues. You can contact SARS on 0800 00 72 77.​

I am in receipt of a pension and would like to relocate to another country. How do I go about arranging for my pension to be paid overseas?

To change your banking details when you relocate to another country, you must submit the following documentation to us:

  • Original, certified copy of your identity document or passport
  • An original, completed, International Banking Form (IBF). The IBF must be completed by the bank to which you want to transfer your benefit, or by your foreign exchange service provider.
  • Log in to your profile to download the IBF.
  • Remember to also advise us of your change in address. Click here to find out how.
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