You need to know this about your EPF retirement funds nomination. Don’t risk falling for viral hoaxes. Get accurate information on your nomination and beneficiaries!
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EPF Nomination
“By planning ahead and nominating your beneficiary early, you can protect your loved ones from unnecessary complications and keep them financially secure even after you’re gone.” ~Employees Provident Fund (EPF)
- When you make a nomination, you are appointing an individual or institution to receive and oversee your EPF savings in the event of your demise.
- You can nominate one or more nominees with EPF recommending you nominate your immediate family (i.e. spouse, children or parents).
- Who can nominate: Age 18 years above being Malaysians, Permanent Residents (PR) OR Non-Malaysians (registered as EPF Members before 1 August 1998.
- You will need to bring a copy of your identification card or MyKad for Malaysian citizens (passport for non-citizen) and a copy of identification document for each beneficiary.
- You do not need to have a witness for your nomination effective from January 1, 2017.
EPF Nomination
Muslims
- Nominee for Muslim member is a Wasi (Administrator) to apportion member’s EPF savings upon the member’s death to the rightful beneficiary in accordance with Islamic Law.
- An EPF member can choose to nominate Amanah Raya Berhad (ARB) who will then become Administrator to ALL (100%) of the member’s savings.
Non-Muslims
- Nominee for non-Muslims member is the actual rightful beneficiary who will receive the savings upon member’s demise.
- An EPF member can choose to nominate Amanah Raya Berhad (ARB) who will then become Administrator to ALL (100%) of the member’s savings. If nominee below 18 years old, ARB will act as trustee.
EPF (Discretionary) Death Benefit
EPF may at their discretion give an additional Death Benefit of RM2,500 subject to the following conditions:-
- Demised member is a Malaysian citizen.
- Demised member is below age 60 at time of death.
- Application for Death Withdrawal is made within 6 months of date of demise.
Frequently Asked Questions on EPF Nomination
Q: Is it true that my nominee will NOT receive my savings if I pass away?
If you are a non-Muslim, this is not true. Your nominee(s) is your beneficiary who will receive your EPF savings.
If you are a Muslim, it depends. The distribution of EPF savings will follow your wasiat (lit. will) written if all Faraid beneficiaries agree to the distribution. ELSE it will be distributed according to Faraid.
Q: Can I hibah (lit. gift) my EPF to ‘Unit Amanah’ or ‘Takaful’ to make sure that my EPF savings goes to my intended beneficiaries?
No. There is currently no way to hibah your EPF.
Q: Are my EPF nominees information incorrect especially if my old hard copy records were computerized?
You can check your EPF beneficiary online with EPF i-Akaun. You can also opt for your nominee information to be printed on your EPF statement so you can easily see if there’s changes.
Q: Can my will overwrite my EPF nomination?
No. Your EPF nomination takes precedence.
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My friend is terminally ill. No longer able to move. We just found out that his EPF is without beneficiary nominated. How can he nominate from the hospital bed?
Can I nominate animal shelters home and orphanage home as beneficiary?
Does nomination for epf is under trust nominee? Is it subject to debt when beneficiary inherit money from epf?
My brother passed away in 2014 at the age of 46. He was married to an Indonesian citizen but she left him almost a decade before he passed away. After his marriage to her, he named her as his sole EPF nominee / beneficiary.
However, till todate, no application for withdrawal has been made by her to EPF. We are not able to trace her in Malaysia.
Can we, his siblings make a claim for the same now?
Thank you
HI, am I able to appoint my nominee of EPF account as testamentary trustee to hold the EPF fund for the benefit of my child who is still a minor?
i am single non-muslim, can i nominate my friend who is taking care of me?
Hi, how about the portion that we invest through EPF-MIS? How should we do nomination on that part? Or will the investment proceed be returned to EPF before EPF distribute the money as whole? Knowing that EPF will release control over the fund invested through EPF-MIS if a person deceased, but which side we should go to do nomination on that part of fund invested? EPF itself or the fund provider?
Is there any way for a Malaysian who is currently working in China register his EPF nomination?
Can I nominate my sibling be the nominees instead of spouse or kids ? If yes, my sister can claim and use for the proceed or only can hold as trustee eventually have to go to Estate of the deceased ?
I am a Chinese (non-muslim), can I nominate a Muslim friend as the nominee? And how does it work? Will the friend be able to claim it without any additional religion-related hassle?
When will payment be made to nominee after we submitted Form KWSP 9KM?
Hi, my daughter’s husband has since passed away and had nominated his mother as the beneficiary.
Can his mother renominate the nomination.