The Employee’s Provident Fund (EPF) is a compulsory savings scheme for Malaysian workers, designed to ensure financial security in retirement. When an EPF member passes away, the funds are distributed to the nominees listed by the member. However, complications can arise if one of the beneficiaries predeceased the EPF member.

 

Question 1: Can the surviving EPF Nominee still receive my EPF savings?

Yes, the surviving EPF nominee(s) can still receive their designated portion. According to information provided by EPF, if a member has nominated more than one beneficiary and one of them predeceased the member, only the portion that was bequeathed to the deceased beneficiary becomes invalid. The surviving nominees will still receive their respective shares.

 

Question 2: So who gets the portion belonging to the deceased beneficiary?

To decide who gets the portion belonging to the deceased beneficiary depends on whether the EPF member has left a Will.

If the EPF member dies without leaving a Will, the portion of the EPF savings allocated to the deceased beneficiary does not automatically pass to the surviving beneficiary. Instead, this portion will be distributed according to the procedure for cases ‘without nomination’. The lawful beneficiaries must apply to KWSP for the distribution of the deceased nominee’s share.

If the EPF member had prepared a Will, the distribution of the deceased beneficiary’s share would follow the stipulations outlined in the Will. A Will allow the member to specify exactly how their assets, including EPF savings, should be distributed upon their death. The member can designate new beneficiaries or redistribute the shares as they see fit. For instance, the member might specify a backup beneficiary for EPF savings in their Will, ensuring that the distribution follows their wishes even if a primary beneficiary predeceases them.

Given the potential complications that arise when a nominee predeceases an EPF member, it is crucial to update EPF nominations. EPF members should periodically review their nominations and update their nominations through the EPF i-Akaun portal or by visiting an EPF branch.

In addition to updating EPF nominations, EPF members are encouraged to prepare a Will and include their EPF savings in it. A Will provides clear instructions on the distribution of the member’s assets, including EPF savings, and can prevent disputes among surviving family members. By including EPF assets in a will, members can ensure there is a detailed instructions on how all assets should be distributed.

 

When a nominee predeceases an EPF member, the distribution of the member’s EPF savings can become complex. To avoid potential complications and ensure that EPF savings are distributed according to their wishes, members should update their nominations and consider preparing a Will. This proactive approach can provide peace of mind and clarify for all parties involved.

You may make an appointment with our legal advisor here: https://calendly.com/finex-and-co-legacy-advisory/tea-talk-with-legalexpert

 

其中一个公积金受益人比我早去世，整个提名会无效？

公积金(EPF)是一项为马来西亚员工设计的强制性储蓄计划，为了确保退休时有一定的经济能力。当EPF成员去世时，工积金局会将剩余的储蓄分配给会员列出的受益人。然而，如果其中一名受益人比EPF会员更早去世的话，那就会出现一些问题。

 

问题1：尚存的EPF受益人任然能够收到我的EPF储蓄吗？

是的，尚存的EPF受益人任然可以收到属于他们的那一部分。根据由EPF提供的信息，如果会员已经提名了多名受益人，但是其中一名受益人比会员之前去世，那么赠予更早去世的受益人的部分将会无效。

 

问题2：那么如何处理已故受益人的部分？

属于已故受益人的部分将会取决于EPF成员是否有留下遗嘱来分配。

如果EPF会员去世时没有留下遗嘱，那么分配给已故受益人的部分不会自动转移到尚存的受益人。相反，此部分将根据“无提名”(without nomination)的程序分配。合法的受益人必须向KWSP申请已故受益人的份额分配。

如果EPF会员已经准备了遗嘱，那么已故受益人的份额将按照遗嘱来进行分配。遗嘱允许会员明确规定他们的资产，包括EPF储蓄，在他们去世时该如何分配。会员可以注明新的受益人或重新分配份额。例如会员可以在遗嘱中注明EPF储蓄的备用受益人，确保即使主要受益人在他们之前去世，分配也能按照他们的意愿进行。

鉴于一个受益人比EPF会员更早去世可能引起的潜在问题，定期更新EPF提名是很重要的。EPF会员应该定期审查自己的提名，并通过EPF i-Akaun网站或者亲自到EPF分行更新提名。

除了更新EPF提醒之外，我们也鼓励EPF会员准备一份遗嘱并将其EPF储蓄包含在其中。遗嘱清楚地写明了会员资产地分配，包括EPF储蓄，可以避免尚存的家庭成员之间的纠纷。

 

当其中一个受益人比EPF会员更早去世时，会员的EPF储蓄分配可能变得复杂。为了避免潜在的问题和确保EPF储蓄可以按照他们的意愿来分配，会员应该更新他们的提名，并考虑准备一份遗嘱。这样的做法可以让尚存的家人安心和清晰关于你的遗产分配。