Our CPF account grows over our lifetime as it accumulates from our salary contribution. Inevitably, when we leave this world, we will leave behind our CPF money to our loved ones. The only way to ensure that this happens is through CPF Nomination<\/a>.<\/strong><\/p>\n\n\n With CPF Nomination, your CPF Savings will be distributed to your loved ones swiftly upon your passing. You have flexibility to allocate different percentages to your loved ones according to your wish.<\/p>\n\n\n\n These 3 areas are covered<\/strong> in the CPF Nomination:<\/u><\/p>\n\n\n\n These 3 areas are not covered <\/strong>in the CPF Nomination:<\/u><\/p>\n\n\n\n <\/p>\n\n\n\n All 3 areas have separate claim arrangements according to the Insurer and Agent Bank.<\/strong><\/p>\n\n\n\n Now, the question, how to make a CPF nomination? Simply head here<\/a> to do your CPF nomination right now!<\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n Without CPF nomination, all your CPF Savings will be handled by the Public Trustee\u2019s Office.<\/p>\n\n\n\n As part of Zenbox Catalyst\u2019s life education, we urge our viewers to do their CPF Nomination. It should also be reviewed regularly in every life milestone to distribute your CPF Savings based on your wish. <\/p>\n\n\n\n In line with Pre-Planning, we leave no regrets for our loved ones as we plan ahead for our departure from this life. Read on to understand the<\/strong> Importance of Pre-Planning<\/strong><\/a>.<\/p>\n\n\n\n![\"\"](\"https:\/\/www.zenboxcatalyst.com.sg\/wp-content\/uploads\/2022\/04\/CPF-Nomination-1.png\")
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– CPF will automatically waive off the need to refund for the CPF Savings used
– In a Joint tenancy, the surviving owner(s) will be transferred the ownership of the property.
– In a Tenancy-in-common agreement, share of property will form part of your estate.
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– Check with your insurer for the claim procedures
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– Claim administered by your investment product provider or agent bank (DBS, OCBC or UOB)<\/li>\n<\/ol>\n\n\n\n\n