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HOW DOES ONE NOMINATE A BENEFICIARY ?

Only members above the age of 18 years can nominate any person or persons to become his or her beneficiary.

A member must complete and submit the KWSP 4 (AHL) Form for the record of EPF.

A witness is required during the naming of the beneficiary. The witness cannot be a beneficiary.

To change the nominee or nominees, a member shall complete and submit a new KWSP 4 (AHL) Form. This will automatically replace the previous nomination.

In the event of the member's death, immediate payment will be made to the named beneficiary.

UNDER WHAT CIRCUMSTANCES CAN A MEMBER WITHDRAWAL THE ENTIRE OF THE EPF CONTRIBUTIONS ?

EPF members are entitled to withdraw the full amount of contributions :

• on attaining the age of 55 years
• on the death of the member (withdrawal made by beneficiaries)
• if the member is prevented from engaging in any further employment by reasons of physical or mental incapacitation
• for those expatriate foreign workers who have contributed but are excluded
• on leaving Malaysia permanently

Where a member withdraws all the savings at the age of 55, application can be made by filling in the KWSP 9B (AHL) Form and enclosing a photocopy of the identity card.

Withdrawal under the Retirement Withdrawal Scheme is being offered in three options :

• Lump sum withdrawal
• Periodical payment withdrawal scheme
• Annual dividend withdrawal scheme
• Annuity scheme

Where a member is an expatriate or have canceled their citizenship of Malaysia and leaving Malaysia with no intention of returning, such member is allowed to withdraw the entire savings by proceeding to the EPF office and submit the form KWSP 9B (AHL) and KWSP 9 (DN).

Where a member experiences physical or mental disability which robs him or her of his or her ability to continue working, such member can withdraw the entire of the EPF savings under the Physical or Mental Incapacitation Withdrawal Scheme.

Under the above scheme, if a member has withdrawn all the EPF savings before reaching 60 years of age, such member will also receive a Disability Benefit.

To withdraw under the Physical or Mental Incapacitation Withdrawal Scheme, a member must submit the KWSP 9B (AHL) Form and a photocopy of identity card and a medical report must be attached. The medical report must include

• information on the illness or accident that caused the disability
• information on present state of health

Reports from the a Government or University Hospital must not be more than 1 year old while report from a private hospital or clinic must not be more than 6 months from issuing date.

Member's letter of resignation stating the cause of resignation or retrenchment from employer must also be enclosed. Where such letter is not available, a member may also submit a Statutory Declaration made before a Magistrate stating the following information :

• Name of last employer
• Date of resignation
• Last position held
• Reasons for resignation

The member will be referred to the panel of doctors of the EPF for check up, when the EPF is satisfied with the application. The approval of application will depends on the approval of the EPF panel of doctors. The member can also obtain approval from a Medical Practitioner in a Government Hospital.