Personal Finance
CPF Nomination: Why You Need One and How To Do It
By Singapore Financial Planners  •  July 15, 2022
Have you always wondered where your money goes after your death? More specifically, the hard-earned money you’ve saved up in your CPF as a Singaporean? How can you ensure your loved ones receive your CPF money as intended? Will they even get the money you have saved for them? Well, that all boils down to whether you’ve made any CPF nominations! Continue reading. What is a CPF Nomination? In simple terms, a CPF nomination is where you (the nominator) appoint one or more individuals (the nominees) to receive your remaining CPF savings in your Ordinary, Special, MediSave, and Retirement Accounts (OA, SA, MA, and RA) in cash, unused CPF LIFE premiums, and discounted Singtel shares, after you have passed on.   This process is free-of-charge, as well as for your nominees when it is time for them to claim your CPF savings. This process falls under the CPF...
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By Singapore Financial Planners
We believe in the power of financial literacy. It’s unfortunate that schools do not provide crucial life lessons like financial planning. Thus, we created Singapore Financial Planners to create a space where we provide financial education so that you can make an informed decision.
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