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Can I nominate a trust company to receive my CPF savings for the benefit of my nominee?

A trust company is a legal entity* which is capable of receiving monies (including CPF savings) in its own right. As such, you can nominate a trust company to receive your CPF savings. One example of such a trust company is the Special Needs Trust Company (SNTC), which can receive CPF savings as a nominee, who will then transfer these CPF savings to the trust funds set up by their clients.

Members should note that when appointing a trust company as a nominee, the trust company will receive the CPF monies in its own right.

Members would need to have a separate arrangement (such as a letter of intent) with the trust company on how to channel their CPF savings to their trust fund and use it to benefit the intended beneficiary.

CPF Board is not in the position to enforce or ensure that the trust company will use the CPF savings for the benefit of the intended beneficiary. This is strictly a private arrangement between you and the trust company.

A legal entity is a legal body capable of receiving monies, including CPF savings 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).