EPF Nomination : What Everyone Must Do!!

Posted by Kris | Tuesday, December 01, 2009 | | 0 comments »

I was shocked to know that after checking with the EPF branch, i have not yet added any nominee aka benefactor for my EPF savings. Why do you need a nominee in your EPF account?

The reason is that in case you quack, the money will be channeled without question to your loved ones that you have nominated. If not, it will be damn hard to get your money even if you crawl out from the graveyard!! The monies will be put under the supervision of a government body and your family will likely need to fight out in court or suffer lengthy procedure bureaucracy to get the money back.

So what are you all waiting for? Go to your nearest EPF branch and check out your nominee and info. Please bring a few copies of your Identity Card, IC for any EPF business transaction.

Additional info, I just found out that i am not a "Malaysian" in EPF's database...sigh...