n Personal Finance Newsletter - Who gets your retirement benefits when you die?
|Article Title||Who gets your retirement benefits when you die?|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Dec 2013|
If you have nominated someone other than a dependent as the beneficiary of your retirement funds, your wishes might not be honoured when you die, even if you have made that person the sole beneficiary of your entire estate. This is because pension fund legislation favours dependents above all other claimants, and your fund's trustees are obliged to override your will if dependents exist.
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