The Importance of Nominating a Beneficiary

COMPLETING YOUR BENEFICIARY NOMINATION FORM

WHAT IS A BENEFICIARY NOMINATION FORM

A “wish-list” on which you express who you would like to leave your fund money to after your death. (Please also refer to the last point below).

WHO DO YOU NOMINATE (LIST) ON YOUR BENEFICIARY NOMINATION FORM

A financial Dependant or a Beneficiary

WHO IS CONSIDERED A FINANCIAL DEPENDANT ACCORDING TO THE LAW

Anyone who is financially dependent upon you in terms of Section 37C of the Pension Funds Act – In other words, anyone who currently cannot survive without your pay-cheque.

WHAT IS A BENEFICIARY

Someone who you wish to leave your Fund money to after your death that may not be financially dependent on you.

WHO MAKES THE ULTIMATE DECISION AS TO WHO WILL RECEIVE PAYMENT

The Trustees of the Fund make the ultimate decision. They consider all the facts and all the information gathered from thorough investigations to ensure the right and fair outcome – that all your financial dependants are looked after in terms if Section 37C of the Pension Funds Act.

Fill out your Beneficiary Nomination Form here.