Note: Making a trust nomination is a serious undertaking. The policyholder loses all rights and control over the policy. He cannot give instruction on the policy or receive any payouts from any surrender, maturity, loan, or claim event. And he cannot change his nomination without consent from trustee or nominees. Please call 6788 1122 for advice.
With effect from 1 Jan 2017, Trustee(s) and nominee(s) in a trust nomination(s) must complete and submit FATCA & CRS SELF-CERTIFICATION FORM FOR INDIVIDUAL ACCOUNT HOLDER. The form can be downloaded and printed from via http://www.income.com.sg/policy-downloads-and-forms. One form is required for each trustee/nominee named in the Trust Nomination Form.
If the nominee is below 18 years old, Parent/Legal Guardian must complete the FATCA & CRS SELF-CERTIFICATION FORM FOR INDIVIDUAL ACCOUNT HOLDER on behalf of the nominee.
FATCA AND CRS SELF-CERTIFICATION FORM FOR ENTITY / INDIVIDUAL ACCOUNT HOLDER Income Insurance Limited (“Income”) is required to collect certain information about each person’s tax residency and tax classifications under applicable tax regulations, including the Singapore Income Tax Act (Chapter 134), the Foreign Account Tax Compliance Act (“FATCA”) and the OECD Common Reporting Standard for Common Exchange of Financial Account Information (“CRS”). We may be obliged to share information about the policy(ies) for which you are an Account Holder with the relevant tax authorities under certain circumstances.
Note: Please use this form to make a Revocable Nomination.
If there is any existing Revocable Nomination or section 45 nominations under the Co-operative Societies Act, making a subsequent fresh Revocable Nomination has the effect of overriding the existing nomination.