It is very important that the Nomination From (over 16's), which accompanies the Membership Application Form, is completed at the point of application. This involves nominating your beneficiary who is entitled to your shares in the event of your death, up to the maximum permitted by law (currently €23,000). Anything in excess cannot be released until we have been furnished a Grant of Probate.
You can change your beneficiary anytime you wish to do so. It must be submitted in writing. Keep in mind that marriage will supersede any previous Nomination of Beneficiary submission. Also, where personal circumstances change (such as a divorce, separation), a member should review their nomination. Ask a member of our staff for information.