Discover how CPF nomination and other legacy planning tools can help you care for and support your loved ones, even when you are no longer around.
Have you made a CPF nomination?
Your CPF savings cannot be covered by a will. With a CPF nomination, you decide how much and who receives your CPF savings when you pass on. Without one, the Public Trustee will impose a statutory fee and distribute your CPF savings according to relevant intestacy laws.
Consider what a CPF nomination covers and plan for it to reflect your latest intentions.
Even if you have made a nomination, you should review it at different milestones in your life, e.g. marriage, welcoming a newborn, death of loved ones etc.
Prepare your Lasting Power of Attorney and Advance Care Plan
After you have made your CPF nomination, consider setting up a Lasting Power of Attorney (LPA) and Advance Care Plan (ACP). They give certainty and empower loved ones to make decisions on your behalf in the event you are unable to express your wishes or lose mental capacity.