From time to time, messages or rumours are circulated on social media that when we pass away, our CPF savings will be automatically deposited into our nominees’ MediSave Account. This is not true. Here are 3 things you should know about CPF nominations.
For nomination under the ENS or SNSS, please Write to us or call us at 1800 227 1188 for more information.
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3 Things You Should Know About CPF Nomination Scheme
- When you make a CPF nomination, your CPF savings will be distributed in cash to your nominee(s) by default unless you choose otherwise. The nomination rules are stated clearly in the CPF website.
- If you wish to distribute your CPF savings to your nominees’ CPF accounts, you can opt for the Enhanced Nomination Scheme (ENS).
- Parents who wish to set aside their CPF savings for the long term care of children with special needs may consider the Special Needs Savings Scheme (SNSS).
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