I have already made a will. Do I still need to make a CPF nomination for my CPF savings?
Yes, you will still need to make a CPF nomination as CPF savings are excluded from your estate and therefore cannot be covered by a will.
Excluding CPF savings from your estate protects your savings from any creditor claims on outstanding loans that you may have after your demise. This ensures that your CPF savings are fully preserved for your loved ones.
You are encouraged to make a CPF nomination to distribute your CPF savings according to your wishes.