Thursday, July 30, 2009

Some facts on EPF Nominee

Info Sharing...

If ONE (1) of our Nominee in the EPF Nominees list deceased, automatically the whole arrangement (EPF Nominees list) is VOID. Meaning if, you only put in One (1) name & unfortunately he/she dies before you - automatically EPF will channel your EPF money to trustee of AMANAH RAYA upon your death.
Thou if, you DO have few names in the EPF Nominees list still - the whole arrangement is VOID & none of the individual balance name in the EPF Nominees list will get their portion & automatically EPF will channel your EPF money to trustee of AMANAH RAYA upon your death.
Piece of advice - if any of the your Nominee in the EPF Nominees list decease, please do immediately approach the nearest EPF counter & present the Death Certificate of the individual & re-instate you NEW/LATEST Nominee in the EPF Nominees list + NEW/LATEST percentage.
If, you & the other party (maybe spouse) involved in the same misfortune (accident/illness) that caused death to both yourself/spouse please alert your siblings/relatives/parents to immediately approach the nearest EPF counter & share the information within 3 days to AVOID all EPF money to be surrender to trustee of AMANAH RAYA.

Upon surrender to trustee of AMANAH RAYA, your children will have to battle the money thru 3 channels;

Majlis Agama
Pejabat Tanah
Mahkamah

The normal period via above 3 channels usually takes 2-3 years (except if you have inside/tip top connection) at Amanah Raya.

1 comment:

Anonymous said...

This is not true:

Check out http://www.kwsp.gov.my/index.php?hdl=bin&rp=899 for more info

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