Mibfa Surplus Application Form - Page 2
What is Mibfa surplus application form?
The Mibfa surplus application form is a document used by members of the Metal Industries Benefit Fund Administrators (Mibfa) to claim excess funds in their accounts.
What are the types of Mibfa surplus application form?
There are two main types of Mibfa surplus application forms:
Individual Mibfa surplus application form
Employer Mibfa surplus application form
How to complete Mibfa surplus application form
To successfully complete the Mibfa surplus application form, follow these steps:
01
Fill in your personal details accurately
02
Provide any relevant supporting documentation
03
Sign and date the form before submission
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Questions & answers
How long does mifa provident fund take to pay out?
You should receive your provident fund payout within 21 days if your tax affairs are in order and all the required documents (such as a copy of your ID, a completed instruction form stating where the money should go, and proof of banking details) have been sent to the fund by your employer.
How do I check if I have surplus?
You will have to contact your bargaining council, or your industry's retirement fund administrator, to find out if you have surplus funds due to you.
How do I claim money from Mibfa?
The following documents are to be completed and supplied by the Employer on behalf of the member: Application for Withdrawal Benefit Form. Copy of the Identity Document. Bank Mandate form signed by the member. Certificate of Service from the Employer.
How long does Mibfa take to pay out?
It will take anything between 4 and 16 weeks to effect the pay-out, provided your tax affairs are in order.
How do I withdraw money from Mibfa?
The following documents are to be completed and supplied by the Employer on behalf of the member: Application for Withdrawal Benefit Form. Copy of the Identity Document. Bank Mandate form signed by the member. Certificate of Service from the Employer.
How long does it take for death benefits to be paid?
It can take up to a year for a retirement fund death benefit to be paid out, as the trustees must ensure that all financial dependents are provided for.
