GEPF

Divorce and the GEPF

Does my pension interest in GEPF form part of my assets for purposes of divorce? Depending on the nature of the marriage, the court may make a ruling as to how the assets shared in the marriage, such as for example a house, vehicles and the like be divided between the parties. The question is whether the pension interest of any party to the divorce forms part of the assets? The answer is: yes. There are three types of marriage regimes in South Africa

GEPF Clean Break Divorce Benefit Claims And Taxation

How does tax on the portion of the pension interest allocated by the court work? If the parties were divorced on or after 13 September 2007, the non-member spouse will be taxed in his or her own right. If the parties were divorced before 13 September 2007, only the member spouse is taxed. However, should a non-member spouse owe the South African Revenue Service (SARS) any tax, this will be deducted from the benefit by SARS, regardless of whether the parties divorced before or after 13 September 2007