The purpose of this form is for you to instruct Alexander Forbes to withdraw your retirement savings from your deferred retirement benefit because you no longer want to defer collecting your benefit. This instruction is important. If you do not understand the possible consequences of this instruction, please ask your financial adviser or us to explain.

In this form:

  • ‘You’ refers to the person named on this form as the member.
  • ‘We’ and ‘us’ refer to the company in Alexander Forbes that is shown on the top of this form, who is also the administrator of your fund.
  • ‘Fund’ refers to the fund that you are a member of.

Key points to understand about this form

In the form, you will give details about:

  • the member of the fund (you)
  • your retirement
  • the benefit and how we should pay it out.

Please read this document carefully. Contact us or your financial adviser if you have any questions. You should sign the form only if you agree to all the terms and conditions in it. The form is part of your contract with us. You must make sure that all the information is correct and that all parts of the form are complete. We have the right to treat the information given in the form as accurate and complete.

Documents you must attach to this form

You must attach copies of the following documents to this form. We will start to process your application only when we have received all the documents we need.

  • Your proof of age
  • The following documents are required if :
    • you are a member of a defined benefit pension fund or
    • you are a member of a defined contribution pension fund and have chosen to receive a monthly pension (also known as an annuity) directly from the fund.
  1. your marriage certificate or a letter from your tribal authority confirming customary marriage
  2. proof of age for your spouse
  3. proof of age for dependent children (if applicable)

One of the following:

  • a copy of your latest bank statement (not older than three months)
  • a copy of a cancelled cheque
  • a copy of a letter from your bank, on the bank’s letterhead, confirming your bank account details (not older than three months).
  • Divorce or maintenance court orders (if applicable)

Follow these steps

  1. You need to fill out the form. You do have the option of filling in this form electronically and printing the electronic version of the form to be signed.
  2. You must sign the form and date it.
  3. Attach the documents requested above to the completed form.
  4. Keep the first and second pages to refer to for any queries.
  5. Submit this form directly to Alexander Forbes (address above).

Delays in carrying out your instructions

Neither we nor the fund are responsible for any losses that result from any delays you cause by:

  • not filling in this form accurately and completely
  • not giving us the documents we ask for.

This includes losses in the value of your investment and losses that occur because you may have to pay more tax than you anticipated.