Which of the following transfers will fall under section 14(1) of the Pension Funds Act...

60.1K

Verified Solution

Question

Accounting

  1. Which of the following transfers will fall under section 14(1) of the Pension Funds Act 24 of 1956?

a.

A transfer from the Namibia First Pension Fund, registered only in Namibia, to the South Africa First Pension Fund, a valuation-exempt fund registered both in Namibia and South Africa.

b.

A transfer from the All-fair Umbrella Trust to the All-fair Umbrella Beneficiary Fund.

c.

A transfer of 50% of Andiles pension interest in the Nantucky Provident Fund awarded to Sandie under a binding divorce order to the Retire Safe Pension Preservation Fund, in accordance with Sandies request.

d.

The transfer of Bens resignation benefit from the Job Secure Pension Fund to the Save Provident Preservation Fund.

e.

None of the above.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students