FAQDecember 11, 2023by Finex & CoCan a Will override the nomination under my EPF account?

Who Can Nominate?

According to Section 54(1A) of the Employees Provident Fund Act 1991, any member of the Fund may make nomination for the purpose of payment of credit after the death of the member. The nomination can be made by members by completing the EPF Form 4 and submitting it at any EPF branches nationwide, or through a new nomination application and updating nomination information via the Member’s i-Account, followed by a visit to the counter for fingerprint verification.

 

Revocation of Nomination

Sometimes, unexpected events happen and alter the status of your nomination. The best way to handle these situations is to ensure you have sufficient knowledge to handle it better.
Your nomination made will be revoked under the following circumstances:

Muslim Members Non-Muslim Members
  1. Upon the death of the nominee(s) during the lifetime of the member
  2. By a Notice of Revocation of Nomination (KWSP 4A)
  3. Member submits subsequent Nomination Form (KWSP 4)
  4. Nominee has not reached 18 years old during the submission of Death Withdrawal made by the nominee / next of kin
  5. The nominee did not apply for Death Withdrawal within one (1) year from the date of the member’s death
  6. Nomination will be REVOKED if member has made Age 55 Withdrawal (Full Withdrawal) on or before 1 February 2008
  1. Upon the death of the nominee(s) during the lifetime of the member
  2. By a Notice of Revocation of Nomination (KWSP 4A)
  3. Member submits subsequent Nomination Form (KWSP 4)
  4. Nomination will be REVOKED if member has made Age 55 Withdrawal (Full Withdrawal) on or before 1 February 2008
Nomination Failed 

EPF nominations fail when nominees die together with the member.

A Will cannot revoke an earlier nomination under EPF BUT a Will can nominate a substitute / back up nominee in the event the existing nomination failed.

For example:

Member nominates two nominees, both aged 18 and above with the portions of 30% and 70% respectively. Nominee B passes away prior to the member’s demise.

Therefore, for Nominee B who passes away before the member, his 70% will, in the event of intestate (without a Will), be distributed to the member’s lawful beneficiaries as stated under the Distribution Act 1958 OR in the event the member has a Will, the distribution shall follow the Will of the member.

You may make an appointment with our legal advisor here:

https://calendly.com/finex-and-co-legacy-advisory/tea-talk-with-legal-expert

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