A written directive to the Trustee stating the proportion of benefit that will be paid to those that are nominated.
It must be sent to the Trustee and as such the nomination will however not be valid until it is handed over.
Does not require a Trust Deed.
Easy transfer of funds to the Beneficiaries in the event of ones’ demise.
Guaranteed efficient tax plan.
Competitive returns on investment of funds.
No need for probate in the event of demise or incapacitation of Nominator.
Secondary Beneficiary rights are immediately activated upon demise of Nominator.
Valid execution of instructions given by Nominator is binding on the Trustee.
The interests of the Beneficiaries who stand to benefit from the investment would be protected.
Beneficiaries can easily migrate to other Products.
Beneficiaries get their benefits without delay.