Get the free Provident Fund. Beneficiary Nomination form.as at June 2013.Jhb.doc - fbc furnbed co...

F UR NITER E FURNITURE BARGAINING COUNCIL North Block ? 39 Empire Road? Park town Ext ? Johannesburg Correspondence to be addressed to: THE GENERAL SECRETARY ? Post Office Box 32789 ? Bloemfontein

How to fill out provident fund beneficiary nomination

How to fill out a provident fund beneficiary nomination:

1. Obtain the necessary form: Contact your provident fund administrator or human resources department to acquire the beneficiary nomination form. They will be able to provide you with the appropriate document or direct you to where it can be found.
2. Read the instructions carefully: Before completing the form, thoroughly read through the instructions provided. This will ensure that you understand the process and requirements for filling out the beneficiary nomination accurately.
3. Provide personal information: Begin by entering your personal details as requested on the form. This may include your full name, date of birth, identification number, and contact information. Ensure that all the information entered is accurate and up-to-date.
4. Specify the beneficiary's details: Next, provide the necessary information about your chosen beneficiary. This may include their full name, relationship to you, date of birth, and contact information. If you are nominating multiple beneficiaries, make sure to include all the required details for each individual.
5. Determine the percentage distribution: If you are nominating multiple beneficiaries, you will need to specify the percentage of the provident fund amount that each individual should receive upon your death. Ensure that the total percentage adds up to 100% or the specific allocation set by the provident fund's policy.
6. Specify the contingency plan: Some forms may include a section for alternative beneficiaries or contingent nominees in the event that the primary beneficiary no longer qualifies. If applicable, complete this section with the necessary information.
7. Seek witness signatures: Usually, the beneficiary nomination form requires witness signatures. The witnesses should be independent and not listed as beneficiaries. They may need to provide their full name, signature, and contact details. Ensure that both witnesses sign and date the form properly.
8. Submit the completed form: Once you have filled out the form, review it for accuracy and completeness. Make sure that all required fields are filled, and there are no errors or omissions. Sign and date the form as required and submit it to the designated authority or department within the prescribed timeline.

Who needs provident fund beneficiary nomination?

Individuals who are members of provident funds or retirement savings schemes should consider completing a beneficiary nomination. This ensures that upon their death, their accumulated savings will be distributed according to their wishes. It is particularly crucial for individuals with dependents or specific individuals in mind who will need financial support after their passing. Additionally, those who want to avoid potential disputes or delays in the distribution of their provident fund assets should also consider completing a beneficiary nomination.

For pdfFiller’s FAQs

What is provident fund beneficiary nomination?

Provident fund beneficiary nomination is the process of selecting an individual who will receive the funds in your provident fund account in the event of your demise.

Who is required to file provident fund beneficiary nomination?

All members of a provident fund scheme are required to file a beneficiary nomination.

How to fill out provident fund beneficiary nomination?

You can fill out a provident fund beneficiary nomination form provided by your employer or the provident fund authorities.

What is the purpose of provident fund beneficiary nomination?

The purpose of provident fund beneficiary nomination is to ensure that the rightful individual receives the funds in your provident fund account after your demise.

What information must be reported on provident fund beneficiary nomination?

The information required on a provident fund beneficiary nomination form may include the name, relationship, address, and contact details of the nominee.

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