Divorce and PF Accounts: Who Gets the Money After Separation? Find Out Here

Provident Fund (PF) is a saving scheme for retirement. Both the employee and the employer put money in it. It is run by the Employees Provident Fund Organization (EPFO). This scheme helps salaried workers save money for the future and gives pension benefits. PF money also earns interest.

Employees save this money for use after retirement. If an employee dies, the money in the PF account goes to the person named as nominee. If the employee is married and his wife is the nominee, she will get the money.

Who Gets PF Money After Divorce?

If a husband and wife get divorced, the question arises about who will get the PF money. If a person had chosen his wife as nominee and they get divorced, and if he has no children, then the money in the PF account will go to his dependent parents.

Who Can Be a Nominee?

According to EPF-EPS rules, for a male employee, the nominee can be wife, children (married or unmarried), dependent parents, deceased son’s wife, or child. For a female employee, the nominee can be husband, children, dependent parents, mother-in-law, father-in-law, deceased son’s wife, or child. Only these people can be nominated for PF money.

What About Non-Family Nominees?

If a person chose a non-family nominee before marriage, that nomination is automatically cancelled after marriage. If the employee does not choose a new nominee, the PF money will not go to the person they wanted to benefit.