Where members are over the age of 55 years and are still members of FNPF, the Fund permits them to withdraw funds at any time for their various needs.
Guidelines
a) The member must be 55 years of age according to FNPF records.
b) A fee of F$20 (VIP) is applicable for every withdrawal made and there must be a minimum standing balance of F$1,000 in the member’s account.
c) The member must complete an Indemnity Form indemnifying the Fund of any loss of benefit where the withdrawal of funds would affect the pensionable amount that would be payable when the member withdraws fully on the age of 55 years.
“Indemnity: Statement by the member that he / she indemnifies the FNPF Board from any liability whatsoever, including loss of benefits that may arise as a consequence of approving the member’s application for partial withdrawal of funds.”
d) Evidence from the member’s Bank confirming member’s bank account number for payment deposits.
Documents to be submitted with the application
⇒ The member must make an application using Form FNPF W30/3
⇒ Birth certificate of member under this assistance.
⇒ Documents of evidence from the member’s banker confirming the member’s bank account number for payment deposits.
⇒ $20 fee
→ Any application that does not meet the above criteria will not be accepted.
Method of Payment
Payment is made direct to the member’s bank account.
Timeframe for Processing
Satisfying all the qualifying criteria, payment will be made within three to five working days of the submitted application.
Payment is made direct to the member’s bank account.
Timeframe for Processing
Satisfying all the qualifying criteria, payment will be made within three to five working days of the submitted application.
For any queries regarding the above, please Contact Us!