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CPF Enhanced Nomination Scheme (2022): What happens to my CPF after I die?

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We’ve come a long way from the GiveMeBackMyCPF days. Now that Covid-19 has thrown the stock market into turmoil, people are actually rushing to give CPF their money, with CPF top-ups reaching a new annual record of $4 billion in 2021. Tax season is just around the corner, and you might be thinking of transferring some cash into your CPF...

Your nominee’s full name as per NRIC or FIN, mailing address and email address

Unlike the regular CPF Nomination Scheme, nominations under both ENS and SNSS cannot be done online. You’ll have to contact the CPF Board directly to make arrangements for your nomination.Under this scheme, your CPF savings will be distributed to your nominees’ CPF accounts rather than in cash. If you have a special needs child who needs long term care, you can set aside money for them through the SNSS.What happens if you’re enrolled in CPF Life?It covers any CPF savings across all your CPF accounts as well as your CPF Life premium balance.The CPF Nomination Scheme works the same way for Muslims as for non-Muslims. Once you make a nomination, your CPF moneys will be distributed to your nominees in cash, regardless of religion.

 

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