From the JU3AO List of Members for a Scheme/Pay Centre screen, highlight the required member, then select Membership Details>Membership Transfer Detail.
The JU3AL Membership Transfer Details List screen will be displayed.
To add a new membership transfer details record, click NEW. The JU3AL Membership Transfer Details screen will be displayed.
Capture data as follows:
|
Transfer Date |
The date on which the member transferred.
Completion of this field is mandatory. |
|
Pensionable Service Date |
The Start Date of Temporary Absence or Offshore Service, or Service Date for backdated service.
Completion of this field is mandatory. |
|
Type of Transfer |
Select a value from the Type of Transfer drop-down list. E.g. Transfer from Pension Fund to Provident Fund, Additional etc.
Completion of this field is mandatory. |
|
Tax Free Amount |
The portion of employee contributions that should not be taxed in future.
For transfers from a provident fund to a pension or provident fund, the member contributions not previously allowed as a tax deduction.
For transfers from a pension fund to a provident fund, the member contributions taxed on transfer.
For transfers from a public sector fund to a pension or provident fund, the full transfer value less the taxable portion (for the period after 1 March 1998, per GN21). |
|
Employee Contributions |
The amount of employee contributions transferred to a Provident Fund. |
|
Withdrawal Amount |
The portion of a withdrawal benefit that was paid where the balance was transferred to a preservation fund.
Used to determine if the member is entitled to a partial withdrawal prior to retirement age. Applicable only to preservation funds. |
|
Percentage To Be Retained |
The percentage of salary (to purchase service, if applicable), percentage of LTA.
Completion of this field is mandatory. |
|
Transferring Scheme |
The name of the ttransferring scheme.
Completion of this field is mandatory. |