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CPF nominations: What happens to your CPF when you pass away?

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17 Oct 2018 | 2 min. read

CPF savings do not form part of your estate and are not covered by a Will. Learn why it's important to make a CPF nomination and the different types of nominations available.

Key takeaways

  • CPF funds cannot be distributed through a Will.
  • Without a nomination, intestacy laws will determine who gets your CPF savings.
  • Making a nomination lets you choose who gets your CPF savings and how much each person should receive.

Why make a CPF nomination (and what happens if you don't)

CPF savings (balances left in a deceased member's Ordinary, Medisave and Special/Retirement Accounts) do not form part of the estate and are not covered by a Will.

If you don't make a CPF nomination, the money will be distributed via intestacy laws. It will take time to locate the legally-entitled beneficiaries, and a fee will be payable to the Public Trustee's Office to make the distribution.

You should make a CPF nomination if you want your CPF savings to be distributed according to your wishes.

Types of nominations

Choose how you want your nominees to receive your CPF savings based on their needs. There are three types of nominations:

  • Cash Nomination – Your nominees will receive the CPF savings due to them in cash via cheque or GIRO. Cash nomination is the default unless you specifically opt for one of the other two types.
  • Enhanced Nomination Scheme (ENS) Nomination – Your nominees will receive the CPF savings due to them in their CPF accounts.
  • Special Needs Savings Scheme (SNSS) Nomination – Parents can nominate their children with special needs to receive the CPF savings due to them on a monthly basis.

Who you can nominate

You can nominate any person or organisation to be the beneficiary of your CPF savings. There is no limit to the number of nominees you can appoint.

How to make a nomination

You must be 16 years and above, and of sound mind to make a CPF nomination.

Simply fill in and submit the nomination form. Visit the CPF website for full instructions and to download the form.

Tip

It's a good idea to review your nomination when circumstances change. Note that marriage will revoke a CPF nomination.

See also: A Guide to the CPF Nomination Scheme

Last updated on 07 Nov 2018