Unclaimed Funds for Deceased in South Africa
You are in a state where your daily expenditures are too much, but your income is not enough to meet your daily needs. And now you are looking for a miracle which took you out of these complexes. Then suddenly, it came to your mind about unclaimed funds for deceased in South Africa.
Now you are thinking about whether I have unclaimed funds or not. You need a guide to resolve all your queries and claim your unclaimed funds. Let’s accomplish this task immediately.
What are unclaimed funds for deceased in South Africa?
These unclaimed funds for deceased in South Africa are those held by financial assistance companies and government agencies that any of their rightful owners have not yet claimed.
These funds are from different sources such as forgotten bank accounts, uncashed checks, insurance policies and the money of inheritance from which beneficiaries are unaware.
Why do unclaimed funds remain unclaimed?
There are various reasons by which the funds remain unclaimed. The major reason is that the owner does not claim their money/funds at the time.
Some other reasons include that the owner died and his future generation is unaware of his funds. Unclaimed pensions are also a common type of unclaimed funds, especially when the company closes.
The taxpayer refund checks also become unclaimed because the taxpayer moved without upgrading his address with the taxpayer’s authority.
Where should you check the unclaimed funds for the deceased list?
You can check your unclaimed funds by;
- Visiting the official government website of your country.
- You can also check your unclaimed funds by entering the deceased person’s name.
- You can also visit other websites like missingmoney.com or unclaimed.org, which are official resources for unclaimed property.
How do you check the unclaimed grant balance?
If you want to check the unclaimed grant balance,
- You will visit an organisation and government agency.
- You can also access them online. When you contact the grant provider, they will ask you about your important documents: identification number, grant purpose, and other such questions. After that, they will verify your grant through their system.
- Sometimes, these verifications can also be checked on the agency database website. If you face any verification issues, you can seek authentic advice from a legal advisor.
Eligibility criteria
If you want unclaimed funds for deceased in South Africa, one of your members must be a part of the government employee pension fund agency(GEPF). The member must be retired or non-working in GEPF.
You must be the guardian of GEPF members. That member of GEPF must not work there or have passed away.
Required documents
However, to get funds, you were required to provide all required documents. You must have a death certificate, proof of relationship, identity, proof of unclaimed funds, a form for tax purposes, your ID card and proof of the member to be a member of GEPF.
How do you collect deceased unclaimed funds?
- You can collect your deceased unclaimed funds by accessing your account and providing them with all data required.
- Provide them proof of your legal rights for holding money and documents such as death certificate challan.
- Complete all paperwork required by the state.
- Fill out the form properly and submit it.
Where to collect unclaimed grants?
You can easily get your unclaimed money at the nearest post office. There are many branches in South Africa. You can access any branch with ease.
Guardian funds list
| GoN 2538 Administration of estates Act(66/1965) | Guardian’s Fund: Master of the North Gauteng High Court (Pretoria & Mmabatho) |
| GoN 2539 Administration of Estates Act (66/1965) | as amended: Master of the Northern Cape High Court – Kimberley |
| GoN 2537 Pension Funds Act (24/1956) | Unclaimed benefits from the Nzalo Umbrella Provident Fund |
| GoN 2540 Administration of Estates Act (66/1965) | Guardian’s Fund: Master of the Eastern Cape High Court – Grahamstown 46982 315 |
| GoN 2542 Administration of Estates Act (66/1965 | Guardian’s Fund: Bloemfontein |
| GoN 2543 Administration of Estates Act (66/1965) | Guardian’s Fund: Master of the North Gauteng High Court |
Conclusion
It is possible to claim your funds if you are a member of a South African agency. The pensions were always there for the people who did not receive them at the time as unclaimed funds.
So, it is suggested that you check your unclaimed funds for deceased in South Africa through the website occasionally to see whether you have money.