What happen to your CPF money after you passed on?
Is CPF your money or ah gong’s money? That is a debate for another day over couple of Tiger beers.
Regardless of your membership in Camp CPF or Camp Anti-CPF, you ought to know about this.
Money in your CPF Account does not form your estate
What that means is upon death, your CPF money will not be distributed according to your will (if you have one) but it is also protected from creditor claims (if any).
The good news is, your CPF money is technically untouchable by any potential creditors. But the bad news is you really should do something about it now, to make sure it goes into the right hands when you passed on.
All you need to do is to make a CPF Nomination under the CPF Nomination Scheme. It is free and easy to do (by walking in or mailing in), funny why it is chucked under such an insignificant portion of CPF website.
For the sake of your loved ones, please make a nomination now.
