Uncle8888 is still thinking of better way of passing on his wealth to his surviving spouse ... if any.
In the meantime, this is the confirmed approach via Enhanced Nomination Scheme (ENS).
| Q |
What is Enhanced Nomination Scheme (ENS) and when is it implemented? |
| |
Previously when a member passes away, the Board will distribute his CPF savings to his nominees as a lump sum in cash according to the proportion indicated in his nomination form.The new ENS option (available from 1 January 2011) enables CPF members to transfer their CPF savings to their nominees’ CPF accounts when they pass away, subject to the current Full Retirement Sum or Enhanced Retirement Sum and the Basic Healthcare Sum (BHS) applicable to the nominees at the time of transfer.
To learn more about BHS, please visit here. |
| Q |
How does Enhanced Nomination Scheme (ENS) work? |
| |
At the point of nomination ... |
...
