GEPF Pension Benefit Calculator | Du Preez Tax & Bookkeeping Services

Service & salary

Final salaryAverage pensionable salary over your last 24 months of service

Years of pensionable serviceUse decimals for months, e.g. 25.5 = 25 years 6 months

Your age at retirementUsed only to estimate PAYE on your annuity below

Retirement type

Normal retirement (age 60, 10+ years' service)

Early retirement (before 60, 10+ years' service) Benefits reduced by 0.33% per month before age 60

Less than 10 years' service Gratuity only — equal to your actuarial interest in the Fund

Spouse benefit option

Standard — 50% spouse's pension Gratuity 6.72%, annuity 1/55 of final salary × service

Increase spouse's pension to 75%, by reducing your gratuity Gratuity 5.85%, annuity unchanged (1/55)

Increase spouse's pension to 75%, by reducing your annuity Gratuity unchanged (6.72%), annuity 1/57

Prior lump sums

Retirement fund lump sums already receivedSince October 2007 — affects your tax-free threshold below, since the table is cumulative

Your benefit (before tax)

Result

Gratuity (lump sum)R 0.00

Annual annuityR 0.00

Monthly annuityR 0.00

Tax on gratuity (lump sum)

Result

GratuityR 0.00

Plus: prior lump sumsR 0.00

Cumulative totalR 0.00

Tax on this gratuityR 0.00

Net gratuity receivedR 0.00

Estimated tax on annuity

Result

Gross annual annuityR 0.00

Less: estimated PAYE- R 0.00

Net annual annuityR 0.00

Net monthly annuityR 0.00

Assumes the annuity is your only income and applies standard 2027 tax tables and age rebate. If you have other income, your actual rate may be higher.

Note: Based on the GEPF formula published in the GEPF Member Guide (Gratuity = 6.72% × final salary × years of service; Annuity = 1/55 × final salary × years of service, plus R360 a year) and the SARS retirement lump sum tax table for the 2027 tax year. This is a planning estimate only — it does not model the two-pot retirement system split (effective 1 September 2024), ill-health or organisational-restructuring enhancements, or fund-specific adjustments, and final salary should reflect your actual last-24-months average. Not tax advice. For an exact figure, GEPF's own benefit statement or a consultation with us is the reliable source.