Expression of Wish form

It is important that your family is taken care of when you are no longer there to do so. Please ensure your Expression of Wish form is updated.

What is an Expression of Wish form?

The Expression of Wish form is a form on which you indicate to whom you wish to have your death benefit paid.

Why is this form required?

Legislation requires that the Trustees of the Fund consider and approve the distribution of your death benefit amongst your dependants and/or nominees. The Fund Expression of Wish form is used to guide the Trustees on how to distribute your Member Share; however, they retain the discretion to make payment of death benefits to dependants and/or nominees as they deem equitable.

How can I update my Expression of Wish information?

Click here to download the form

OR

 Click here to capture your expression of wishes online. (Click here for an explanation of how to capture your online expression of wishes). 

How will my death benefit be distributed?

Section 37C of the Pension Funds Act and the rules of the National Tertiary Retirement Fund state that in the event of your death, your benefit in the Funds should be distributed as follows:

• To dependants; or
• Dependants and nominees; or
• If there are no dependants, to your nominees; (but any deficit in your estate first has to be settled); or
• If there are no dependants or nominees, to your estate.

Who do I list on my form?

The Trustees of the Fund have to ensure by law that all your financial dependants are taken care of first, before any money is paid to your nominees. Financial dependants include any illegitimate or adopted children, and any spouses. When you have children or a spouse or other people who are financially dependent on you, they should be nominated as beneficiaries on your expression of wish forms. The Trustees have to first trace all your dependants, and listing them on your forms makes this process easier for the Trustees.

Who are my beneficiaries?

Your beneficiaries can be divided into two groups:

Dependants

Dependants include a spouse, life partner, children and anyone else who may be financially dependent on you.

Nominees

Nominees are beneficiaries who are not financially dependent on you.

What happens if I have no dependants?

You still need to complete the Expression of Wish form. You will therefore not list any dependants on the forms; only nominees.

How to complete your Expression of Wish Form (this form is used for death benefit distribution)

Click here to view the infographic.