Self-help fund savings heritability
If a fund member dies, the beneficiary – or, in the absence thereof, the legal heir – may continue the membership in their own name or transfer the amount to another fund of the same type. However, you can also choose to take the total savings on your individual account. In the event that the beneficiary withdraws the amount in the account of the deceased fund member, it will not be subject to either tax or inheritance tax.
The fund member can nominate a new beneficiary or modify or delete existing ones not only at login, but at any time.