Tuesday, May 11, 2010

EPF - info sharing

Info Sharing :

If One (1) of our Nominee in the EPF Nominees list decease, 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 potion & 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.please. .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 (Faraid & faster.)
Pejabat Tanah (don't ask me why.)
Mahkamah
The normal period via above 3 channels usually takes 2-3 years (except if u
have inside/tip top connection) at Amanah Raya.

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