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CPF Nomination

21/10/2015

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A CPF Nomination allows CPF members to determine who will receive their CPF savings & how much each nominee should receive. One does not need to make a CPF Nomination if the intention is to distribute the CPF savings under the Intestate Succession Act or the Inheritance Certificate (for Muslims).
​The CPF savings in the Ordinary, Special, Medisave & Retirement Accounts are covered under the CPF Nominations, as well as unused CPF LIFE premiums (if any) & discounted SingTel shares.

​​​However, take note that the following are not covered under the CPF nomination:
  • Properties bought using CPF savings
  • Payouts from Dependant's Protection Scheme (DPS), if any
  • Investments held under the CPFIS OA
  • Investments held under the CPFIS

CPF Members can choose how each of the nominee(s) is to receive the CPF monies.
  • Cash Nomination: Nominee(s) will receive the CPF monies due to them in cash via cheque or GIRO
  • Enhanced Nomination Scheme (ENS) Nomination: Nominee(s) will receive the CPF monies due to them in their CPF accounts
  • Special Needs Savings Scheme (SNSS) Nomination: This scheme enables parents to nominate their children with special needs to receive monthly disbursements from their CPF savings.
​
If you want a summary of what you should know about CPF Nomination, you can check up this Facebook posting from CPF.
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    Jason Ow S. H.

    Senior Financial Consultant

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