Make contributions Clause Samples
The "Make contributions" clause requires one or more parties to provide specific resources, services, or inputs as part of their obligations under an agreement. In practice, this may involve financial payments, delivery of materials, or provision of expertise, depending on the nature of the contract. This clause ensures that all parties understand their responsibilities to contribute, thereby supporting the successful completion of the project or transaction and preventing disputes over unmet obligations.
Make contributions. We do not accept cash contributions. You may make the following contributions (subject to limitations set out in the latest relevant form) in South African rands: • Initial or additional lump sums by internet transfer (payment by EFT). • Electronic collection of lump sums (once-off debits). • Cheque deposits. • Recurring monthly contributions by debit order. You must make sure that you make your contribution to us, or that your contribution is available in your bank account for collection via debit order, prior to us processing your instructions. We will not process any debit orders from a ‘blocked rand’ or ‘non-resident transferable’ bank account. The minimum contribution amount is disclosed in the forms and may change from time to time.
Make contributions. The Insurer does not accept cash contributions. You may make the following contributions (subject to limitations set out in the latest relevant form) in South African rands: • Initial or additional lump sums by electronic fund transfer. • Electronic collection of lump sums (once-off debits). • Cheque deposit. • Recurring monthly contributions by debit order. You must make sure that you make your contribution to us, or that your contribution is available in your bank account for collection via debit order, prior to us processing your instructions. We will not process any debit orders from a ‘blocked rand’ or ‘non-resident transferable’ bank account. The minimum contribution for your policy is in the investment form and may change from time to time. You may stop making contributions to the policy at any time.
Make contributions. The fund does not accept cash contributions. You may make the following contributions (subject to limitations set out in the latest relevant form) in South African rands: • Initial or additional lump sums by internet transfer (payment by EFT). • Electronic collection of lump sums (once-off debits). • Cheque deposits. • Recurring monthly contributions by debit order. • Transfers from other retirement funds. Membership of the fund is voluntary which means that you become a member by choice and you may stop contributing to the fund at any time. You must make sure that you make your contributions to the fund, or that your contribution is available in your bank account for collection via debit order, prior to the Administrator processing your instrutions. The Administrator will not process any debits orders from a ‘blocked rand’ or ‘non-resident transferable’ bank account. There is no obligation on the fund to ensure contributions are made by you, or on your behalf. You may transfer your benefit from another retirement fund to the fund provided the rules of the other fund allow for such a transfer and subject to any conditions that the fund or regulatory authorities may set. The minimum contribution amount is disclosed in the relevant fund documentation and may change from time to time.
Make contributions. We do not accept cash contributions. You may make the following contributions (subject to limitations as set out in the latest relevant forms) in South African rands: • Initial or additional lump sums by internet transfer (payment by EFT). • Electronic collection of lump sums (once-off debits). • Cheque deposits. • Recurring monthly contributions by debit order. You must make sure that you make your contribution to us, or that your contribution is available in your bank account for collection via debit order, prior to us processing your instructions. We will not process any debit orders from a ‘blocked rand’ or ‘non-resident transferable’ bank account. The minimum contribution amount is disclosed in the forms and may change from time to time. The annual and lifetime limits on your contributions that qualify for the tax-free treatment within the product account are disclosed in the initial application form and may change from time to time. Any contribution(s) over and above the annual and lifetime limits will be taxed by the South African Revenue Services at a flat rate of forty per cent of such contribution.