The truth is, by default, your nominees will receive your CPF savings in cash when you pass away. This is unless you have opted for a different type of CPF nomination.
This new rumour is, in fact, a variation of another false claim that surfaced in 2012, which had already been debunked back then.
Here are a few more things you need to know about CPF nomination.
What exactly is a CPF nomination?
A CPF nomination provides CPF members with the option to specify who will receive their CPF savings, and how much each nominee should receive, upon their demise. If a CPF nomination is not made, the deceased member’s CPF savings will be transferred to the Public Trustee’s Office (PTO) for distribution to his or her family members under the Intestate Succession Act, or the Inheritance Certificate (for Muslims).
