EPF Nomination, e-Nomination to Update Nominee Details for EPF

The 10-Minute Rule for Online EPF Nomination - Update PF Nominee details - EPFO

In some cases, the EPF member has actually just decided on what percentage to provide to a specific beneficiary but unsure on just how much the other recipients are supposed to get. As such, a partial nomination should be allowed the interim. Such scenarios prevail for EPF members who have a big EPF quantity of let's say RM500,000 to above one million, where it will be come hard to figure out the portion each beneficiary must get.

e-Nomination facility in EPF accounts - Update your Nominee online?

This is a particular issue if members are unmarried and do not have any next of kin but would like certain charity bodies to be the beneficiaries. Would the EPF pay the cashes upon death of the member to the charity body of his or her option if the member has a Will and Probate stating so? The EPF Act is quiet on this and as such the cashes can be withheld and not paid to the charity bodies specified in the Will and Probate.

The EPF needs to relax the election policies for partial election and to consist of a wider scope of beneficiaries. After all it is already uneasy enough for members to prepare for eventual or unforeseen death. As such, the rights of what to do with the member's monies upon death should not be limited.

EPF Nomination, e-Nomination to Update Nominee Details for EPF

What Does (FORM 2 REVISED) NOMINATION AND DECLARATION Do?

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