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December 19, 2015

CPF Nomination Scheme (1/2)


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Q

Do I need to make a nomination?

A

When you are no longer around, we will pay your CPF savings to the Public Trustee for distribution to your family member(s) in accordance with the intestacy laws or inheritance certificate (for Muslims) in Singapore. This ensures that the welfare of your dependants is provided for.

 

However, you can choose to make a CPF nomination to have your CPF savings distributed according to your wishes. Please click for the CPF Nomination Form. We encourage you to visit any of our CPF Service Centres and complete the nomination form in the presence of our Customer Service Executives (CSEs) who can be your witnesses and clarify any questions you may have in respect of the nomination process.

Q

What are the differences between distributing my CPF savings according to my CPF Nomination and to the Public Trustee?

A

​ If you did not make a CPF nomination, your CPF savings will be distributed by the Public Trustee in accordance to the intestacy laws (for non-Muslims) of Singapore or the inheritance certificate (for Muslims) to your family members. Please visit Public Trustee website or MUIS website for a detailed explanation on the respective distribution rules. The Public Trustee charges a fee to administer the distribution of CPF savings to beneficiaries under the Intestacy/Inheritance laws.

 

If you wish to make a CPF nomination, you can nominate any person or organisation (refer to FAQ: Criteria for Nominee(s)) as nominee(s) to receive your CPF savings upon your death. You can also specify the proportion your nominee(s) will receive.

Q

Do I have to update my nomination record when there are changes to my circumstances (e.g. marriage, child birth, death of my nominee)?

A

​ If your circumstances have changed (e.g. recent marriage, child birth, death of nominee), your current nomination may no longer meet your wishes. You are encouraged to update your nomination to keep it relevant with your current circumstances.

Q

Are my Medisave Account savings covered under CPF Nomination?

A

Yes, CPF Nomination covers all savings in your Medisave Account, including those in your Ordinary, Special and Retirement Accounts.

Q

What is the minimum age for making a CPF nomination and why is it so?

A

CPF members who have attained 16 years of age are able to make a CPF nomination. The introduction of the minimum age for making a CPF nomination is to be in line with the minimum age to work and earn wages under the Employment Act.

Q

What is covered by CPF Nomination?

A

The following will be distributed to the nominees in the proportion as stated in the nomination form:

 

All the savings in the Ordinary, Special, Medisave and Retirement Accounts; and

Discounted SingTel (ST) shares.


The following are not covered by CPF Nomination:

 

(a) Cash and investments held in the CPF Investment Account under the CPF Investment Scheme-Ordinary Account (CPFIS-OA);

 

(b) Investments held under the CPF Investment Scheme-Special Account (CPFIS-SA);

 

(c) Dependants' Protection Scheme (DPS) claim proceeds * ; and

 

(d) Properties bought with CPF savings **.

Assets marked (a) and (b) form part of the deceased's estate and will be distributed according to the laws governing the estate.

 

* For DPS claim proceeds, please approach your insurer, Great Eastern Life or NTUC Income for more information.

 

** These will be distributed according to the manner of holding. If the property is held as joint tenancy, the deceased’s share of the property will pass by operation of law to the remaining surviving owner(s). Otherwise, the deceased’s share of the property will form part of the deceased’s estate.

 

Watch our 5 minute webcast on CPF Nomination to find out more on how CPF savings are distributed when one passes away.

Q

Is there a limit to the number of times that I can make my nomination?

A

No, there is no limit to the number of times which you can make a nomination.

Q

Is there a limit to the number of nominees I can appoint?

A

No, there is no limit to the number of nominees you can appoint. However, if you are nominating more than 4 nominees, additional CPF Nomination Form(s) (fully completed and signed by the same 2 witnesses in Section 3) must be submitted together.

Q

If I have multiple nominees and I wish to cater to their individual needs, can I choose different modes of nomination for my nominees?

A

Yes. As CPF Board understands that nominees may have different needs, you can choose the most appropriate mode of nomination for each nominee. They can either receive your CPF savings in cash (one lump sum or monthly payouts) or receive your CPF savings in their CPF accounts.

 

However, you are only allowed to indicate a single mode of nomination, that is, either cash, ENS or Special Needs Savings Scheme (SNSS), for the same nominee.


Please also ensure that the proportion assigned to all nominees adds up to 100%.

Q

Can I indicate my nominee's share of my CPF monies as a fixed amount?

A

No. This is because if there are several nominees and the CPF balance is insufficient at the time of death, the Board would not be able to make payment based on the member's intention.

 

As such, the nominee's entitlement to the CPF monies should be indicated as a percentage and the total of such entitlement must be 100%.

Q

What is a will?

A

A will is generally a document in writing executed in accordance with prescribed formalities, which sets out a testator's (the person making the will) instructions and wishes as to how his property and assets are to be distributed after his death. For information, persons who inherit or benefit under the will are known as "beneficiaries" and the "executor" is the person nominated by the testator to administer and distribute his estate upon his death.

 

Please note that your CPF savings are not covered under your will.

Q

I have already made a will. Do I still need to nominate?

A

Your CPF savings are not covered under your will. We will pay your CPF savings to the Public Trustee for distribution to your family member(s) in accordance with the intestacy laws or inheritance certificate (for Muslims) in Singapore when you are no longer around. This ensures that the welfare of your dependants is provided for. However, you can choose to make a CPF nomination to have your CPF savings distributed according to your wishes.

Q

What happens to my nomination upon marriage?

A

Your nomination will be revoked upon marriage. We will pay your CPF savings to the Public Tr​ustee for distribution to your family member(s) in accordance with the intestacy laws or inheritance certificate (for Muslims) in Singapore when you are no longer around. This ensures that the welfare of your dependants is provided for. However, you can choose to make a new CPF nomination to have your CPF savings distributed according to your wishes.

Q

What happens to my nomination upon divorce?

A

Divorce does not revoke your nomination. This is because you may still wish to provide for your ex-spouse and children. You can choose to make a new nomination to have your CPF savings distributed according to your wishes upon your divorce. Alternatively, you may revoke your nomination by submitting a Notice of Revocation of Nominations and we will pay your CPF savings to the Public Trustee for distribution to your family member(s) in accordance with the intestacy laws or inheritance certificate (for Muslims) in Singapore when you are no longer around.

Q

I submitted a nomination form under my old account. Do I need to make a new nomination if I have merged my CPF accounts?

A

No, you do not need to submit a new nomination form. If you have a valid nomination form under your old CPF account, the nomination status will automatically be updated in your new account. Hence, you do not need to make a new nomination under the new CPF account unless you wish to change your nominee(s).

Q

Can I make a nomination if I am holding more than one CPF account?

A

No. If you are holding more than one CPF account, you will need to merge your CPF accounts before making the nomination. Please submit the relevant documents as shown in the table below to enable us to merge your accounts. This is important so that your records are kept up-to-date.

 

If you are … Please provide us with the following documents
a Singapore NRIC holder

Both sides of your Singapore Identity Card

a non-Singapore NRIC holder

For Malaysians:

  • Both sides of your Malaysian Identity Card



  •  
  •  

For non-Malaysians:

  • Your current and old passport page(s) showing your passport number and personal particulars



  •  
  •  

Note:

  1. Your documents must be certified by a Notary Public, Singapore High Commission / Embassy of the Republic of Singapore. Alternatively, you may submit the original documents at any of our CPF Service Centres.

  2. If you had renounced your Singapore Citizenship or Permanent Residency, please also provide us with the Renunciation Letter from the Immigration & Checkpoints Authority of Singapore (ICA).

Q

What should I do if one of my nominees passes away?

A

His share will be given to the surviving nominees in the same proportion as their specified shares. You may revoke your nomination by submitting a Notice of Revocation of Nominations and we will pay your CPF savings to the Public Trustee for distribution to your family member(s) in accordance with the intestacy laws or inheritance certificate (for Muslims) in Singapore when you are no longer around. Alternatively, you can choose to make a new CPF nomination to have your CPF savings distributed according to your wishes.

Q

Do I need to get a new witness if my current witness has passed away?

A

No, you do not need to get a new witness if your current witness has passed away. Your nomination form/Notice of Revocation of Nomination processed by the Board will remain valid.

General Information on Enhanced Nomination Scheme (ENS)

Q

What is Enhanced Nomination Scheme (ENS) and when is it implemented?

A

Previously when a member passes away, the Board will distribute his CPF savings to his nominees as a lumpsum in cash according to the proportion indicated in his nomination form.


The new ENS option (available from 1 January 2011) enables CPF members to transfer their CPF savings to their nominees’ CPF accounts when they pass away, subject to the current Full Retirement Sum and the current Medisave Contribution Ceiling (MCC).

 

Please note that from 1 January 2016, the MCC will be renamed as the Basic Healthcare Sum (BHS). The BHS is designed to be enough for a CPF member’s basic, subsidised healthcare needs in old age.

 

To learn more about changes to the Medisave Scheme, please visit here.​

Q

How does Enhanced Nomination Scheme (ENS) work?

A

At the point of nomination, a member can choose to have his CPF savings transferred to his nominees’ CPF accounts when he passes away via 2 options:

 

He can choose to credit his CPF savings into the nominee’s Special Account (SA) or Retirement Account (RA) first, up to the current Full Retirement Sum. If there is excess beyond the current Full Retirement Sum, it will then be credited to the nominee’s Medisave Account (MA), up to the Medisave Contribution Ceiling (MCC).

 

Alternatively, he can choose to credit his CPF savings into the nominee’s MA first, up to the current MCC. Any excess beyond the current MCC will then be credited into the nominee’s SA or RA, up to the current Full Retirement Sum.

 

Any balance after crediting into the respective accounts as described above will be paid in cash to the nominee. All crediting and payment processes are subject to prevailing CPF rules.

 

A member is allowed to indicate a single mode of nomination, that is, either cash, ENS or Special Needs Savings Scheme, for the same nominee.

 

Please note that the monies credited to the nominee’s CPF accounts can only be used or withdrawn in accordance with CPF laws.

 

Monies credited via ENS to a nominee’s MA, where the nominee is also a self-employed person, can be used to offset his MA liabilities.

 

Please note that from 1 January 2016, the MCC will be renamed as the Basic Healthcare Sum (BHS). The BHS is designed to be enough for a CPF member’s basic, subsidised healthcare needs in old age.

 

To learn more about changes to the Medisave Scheme, please visit here.​

Q

What is covered by Enhanced Nomination Scheme (ENS)?

A

The following will be distributed to your nominees in the proportion as stated in the nomination form:

 

All the savings in the Ordinary, Special, Medisave and Retirement Accounts; and

Discounted SingTel (ST) shares

 

The following are not covered by ENS:

 

(a) Cash and investments held in the CPF Investment Account under the CPF Investment Scheme-Ordinary Account (CPFIS-OA);

 

(b) Investments held under the CPF Investment Scheme-Special Account (CPFIS-SA);

 

(c) Dependants' Protection Scheme (DPS) claim proceeds * ; and

 

(d) Properties bought with CPF savings **.

 

Assets marked (a) and (b) form part of the deceased's estate and will be distributed according to the laws governing the estate.

 

* For DPS claim proceeds, please approach your insurer, Great Eastern Life or NTUC Income for more information.

 

** These will be distributed according to the manner of holding. If the property is held as joint tenancy, the deceased’s share of the property will pass by operation of law to the remaining surviving owner(s). Otherwise, the deceased’s share of the property will form part of the deceased’s estate.

 

Watch our 5 minute webcast on CPF Nomination to find out more on how CPF savings are distributed when one passes away.

Q

Who are eligible to make an Enhanced Nomination Scheme (ENS) nomination?

A

All CPF members whose nominees are Singapore Citizens or Singapore Permanent Residents (SPRs) are eligible.


However, if the nominees are no longer Singapore Citizens or Singapore Permanent Residents (SPRs) at the time of disbursement, they will receive the bequeathed CPF monies in cash.

Q

How do I sign up for Enhanced Nomination Scheme (ENS)?

A

Please visit any of our CPF Service Centres to make an ENS nomination. Our Customer Service Executives (CSEs) will assist and explain the nomination process to you. They will also act as your witnesses for the nomination.

Q

Are there limits on the amount that can be allocated into nominees' CPF accounts under Enhanced Nomination Scheme (ENS)? What are these limits?

A

Yes. Nominees can receive the bequeathed monies in their Special Account (SA)/Retirement Account (RA) up to the current Full Retirement Sum and in their Medisave Account (MA) up to the Medisave Contribution Ceiling. These are also the existing limits for the Retirement Sum Topping-Up Scheme and the Medisave account (MA) respectively.​

Q

What will happen to my existing nomination when I make a new Enhanced Nomination Scheme (ENS) nomination?

A

When you make a new ENS nomination, your existing nomination will be revoked. This will apply to all nominations made by you regardless of the mode of nomination (i.e., CASH, ENS or Special Needs Savings Scheme (SNSS)) for each of your nominee.


However, please note that the ENS nomination will not supersede your existing Minimum Sum Scheme nomination if you have made one.

Q

Can members choose how the bequeathed assets will be distributed between the nominee's CPF accounts under Enhanced Nomination Scheme (ENS)?

A

Yes. Members have 2 options: 

 

They may credit their savings to the nominee’s Special Account or Retirement Account (SA/RA) up to the current Full Retirement Sum. Any excess will then be credited to the nominee’s Medisave Account (MA) up to the current Medisave Contribution Ceiling (MCC). The balance will be paid to the nominee in cash.

 

Alternatively, they may credit their savings to the nominee’s MA up to the current MCC. Any excess will then be credited to the nominee’s SA/RA up to current Full Retirement Sum. The balance will be paid to the nominee in cash.

 

All crediting and payment processes are subject to prevailing CPF rules.

 

Please note that from 1 January 2016, the MCC will be renamed as the Basic Healthcare Sum (BHS). The BHS is designed to be enough for a CPF member’s basic, subsidised healthcare needs in old age.

 

To learn more about changes to the Medisave Scheme, please visit here.​

Q

Why are members not given a choice to nominate monies to the Ordinary Account of nominees under Enhanced Nomination Scheme (ENS)?

A

As ENS is meant to enable members to better provide for the retirement and healthcare needs of their dependants, monies cannot be nominated to the Ordinary Account.

Q

Is it compulsory to transfer my CPF savings to my nominees' CPF accounts upon death?

A

No, it is optional. You may wish to consider this option if you wish to help your nominees set aside more money for their retirement and healthcare needs.

Q

What will happen to the Enhanced Nomination Scheme (ENS) nominee's share of the CPF monies if he passes on before me?

A

If your nominee passes on before you, his share will be divided amongst the surviving nominees in the same proportion as their specified shares. You may revoke your nomination by submitting a Notice of Revocation of Nominations and we will pay your CPF savings to the Public Trustee for distribution to your family member(s) in accordance with the intestacy laws or inheritance certificate (for Muslims) in Singapore when you are no longer around. Alternatively, you can choose to make a new CPF nomination to have your CPF savings distributed according to your wishes.

Q

What will happen to the Enhanced Nomination Scheme (ENS) nominee's share of the CPF monies if he passes on after me but before the disbursement of my CPF savings?

A

If your nominee passes on after you but before the disbursement of your CPF savings, we will credit his share into his CPF account as specified in the nomination form, subject to the current Full Retirement Sum and the Medisave Contribution Ceiling (MCC). These monies will form part of his own CPF savings. If the nominee has made a nomination himself, his CPF savings (including bequeathed CPF monies), will be distributed to his nominee. If the nominee has not made a nomination, his CPF savings (including bequeathed CPF monies), will be distributed by the Public Trustee according to the intestacy laws.

 

Any excess monies beyond the current Full Retirement Sum and the current Medisave Contribution Ceiling (MCC) will be paid to the nominee's estate.


Please note that from 1 January 2016, the MCC will be renamed as the Basic Healthcare Sum (BHS). The BHS is designed to be enough for a CPF member’s basic, subsidised healthcare needs in old age.

 

To learn more about changes to the Medisave Scheme, please visit here.​

Q

How will my Enhanced Nomination Scheme (ENS) nominee receive my discounted SingTel (ST) shares?

A

Your ENS nominee will be given a choice to either (i) transfer the ST shares to his own Central Depository (Pte) Limited (CDP) account or (ii) ask CPF Board to sell the ST shares.


Under (ii), the proceeds from the sale of the ST shares, less transaction expenses, will then be credited to the nominee’s accounts in accordance to the chosen ENS option.

Q

How can I cancel my Enhanced Nomination Scheme (ENS) nomination?

A

You can make a new nomination which will supersede your earlier nomination. Alternatively, you can submit a Notice of Revocation of Nominations to revoke all your previous nominations.

 

Please note that if you have revoked your nomination, your CPF monies will be distributed by the Public Trustee according to the intestacy laws / Inheritance Certificate (for Muslims).

General Information on Special Needs Savings Scheme (SNSS)

Q

Where can I find information about the Special Needs Savings Scheme (SNSS)?

A

The Special Needs Savings Scheme encourages parents of children with special needs to save up for their long-term care needs. Under this scheme, parents can nominate their children to receive monthly disbursements from the parent’s CPF savings after the parents’ demise.

 

As this scheme is administered by the Special Needs Trust Co. (SNTC), you can find more information about the scheme at their website.

Criteria for Nominee(s)

Q

Who can I include as nominee(s)?

A

You can nominate any person or organisation. However, please take note of the following:

 

(1) Person who is below 18 years old

 

You can nominate someone who is below 18 years old. However, if he is below the age of 18 at the time of claim, his share will be released to the Public Trustee for administration until he reaches 18 years of age.

 

For more details, please contact the Public Trustee at:

 

The Public Trustee's Office
45 Maxwell Road
#07-11, The URA Centre (East Wing)
Singapore 069118
Email: OneMinLaw@mlaw.gov.sg
Tel: 1800 2255 529
Fax: 6224 2858

 

You can also refer to the Public Trustee's information on 'Administration of monies held in trust for minor beneficiary'.

 

(2) Person who is not residing in Singapore


You can nominate someone who is not residing in Singapore. Please write your nominee's name, identity card/passport number and address clearly on the nomination form. If the nominee does not have an identity card/passport, please write his date of birth. These information are important so that the Board is able to contact your nominee who is not residing in Singapore.

 

(3) Organisation, a temple or church


You can nominate an organisation, a temple or a church. However, the organisation, temple or church must be a legal entity capable of receiving monies, including CPF monies in its own right.

 

For an entity to be capable of receiving monies, it has to be recognised under the law as being capable of doing certain things in its own name and not in the name of its members, such as owning and holding property, suing others, and being sued. Such entities would include societies registered under the Societies Act (Cap.311), companies (including public companies limited by guarantee) registered under the Companies Act (Cap.50), and limited liability partnerships (LLP) registered under the Limited Liability Partnerships Act (Cap. 163A).

 

You can check if the organisation, temple or church has been registered as a society, company or LLP via the following websites:

 

(a) Registry of Societies (for registered societies)

 

(b) ACRA's Bizfile page (for companies, LLPs)

Q

Can I nominate a non-immediate family member?

A

Yes, you can. However, we would encourage you to nominate your immediate family members so that they are provided for in the event of your death.

Q

Can a member nominate a Trust Company to receive his CPF monies for his special needs child?

A

Members are able to nominate a Trust Company as it is a legal entity. The Special Needs Trust Company (SNTC) is one example of such Trust Company. However, members are not allowed to nominate a trust fund as a trust fund is not a legal entity capable of receiving monies.

 

Members should note that when appointing a Trust Company as a nominee, the Trust Company will receive the CPF monies in its own right and not on behalf of the special needs child. Members would need to have a separate arrangement with the Trust Company on how to channel their CPF monies to their trust fund.

 

CPF Board is not in the position to enforce or ensure that the Trust Company will apply the CPF monies received for the benefit of the special needs child. This is strictly a private arrangement between the member and the Trust Company.

Q

Can I nominate a person who is bankrupt as my nominee?

A

Yes, you can. However, if your nominee is an undischarged bankrupt at the time he or she becomes entitled to receive your CPF monies (“nominated monies”), the Board is legally obliged to inform the Official Assignee (“OA”) and transfer the nominated monies to the OA upon their instructions. This is by virtue of the laws in Singapore relating to bankruptcy which vest the property of a bankrupt in the OA upon the making of a bankruptcy order.

Q

What if my nominee becomes a bankrupt after I had made my nomination?

A

If your nominee becomes a bankrupt after you made a nomination, and remains an undischarged bankrupt at the time he or she becomes entitled to receive your CPF monies (“nominated monies”), the Board is legally obliged to inform the Official Assignee (“OA”) and transfer the nominated monies to the OA upon their instructions. This is by virtue of the laws in Singapore relating to bankruptcy which vest the property of a bankrupt in the OA upon the making of a bankruptcy order.

Q

My nominees have changed their names. Must I update their details in my nomination?

A

No, you do not need to update their details in your nomination. However, the Board will request that the nominees present document(s) e.g. Deed Poll, to prove the change of name when they apply to withdraw the CPF monies.
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https://www.cpf.gov.sg/Members/FAQ/schemes/other-matters/cpf-nomination-scheme
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