Knowledge you should grab

This blog is to help you gain more knowledge about estate planning and all-you-should-know when having your estate planned.
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EPF Frequently Asked Questions (FAQ) – Part 2

Stay informed about your EPF nominations to ensure your savings are distributed according to your wishes. Here are some commonly asked questions: 1️⃣ What is the difference between Muslim and non-Muslim EPF nominations? Muslim members: The nominee is known as a Wasi (Administrator). Their role is to distribute the EPF savings according to Faraid law...

EPF Commonly Asked Questions 2.0

Can I nominate my minor child (below 18 years old) as my EPF beneficiary? Yes, but kindly reconsider. If you nominate a child under 18, KWSP will not release the money immediately. Instead: EPF will act as a trustee and keep the funds until your child reaches 18. A guardian cannot freely withdraw the money,...