Questions have been raised about CPF nomination after a recent court case highlighted the fact that divorce does not automatically revoke a pre-existing nomination.
SINGAPORE: The issue of CPF nomination has been put in the spotlight after the recent case of an elderly man who assumed that his only daughter - and not his estranged ex-wife - would inherit his CPF savings."puzzling" that divorce did not automatically revoke a pre-existing nominationThe judge ordered that the CPF savings of the elderly man, Mr Toh Kim Hiang, be released to his daughter, even though he twice failed to nominate her as the beneficiary.
If there is no valid CPF nomination, the money will be transferred to the Public Trustee’s office to be distributed via intestacy laws to legally entitled beneficiaries - usually family or next-of-kin.As CPF funds cannot be distributed through a will, making a nomination will allow you to decide who will receive your CPF savings according to your wishes - and how much each person should receive.Also, nominations would allow your loved ones to claim your CPF savings quickly.
According to the CPF website, the treatment of CPF nomination is similar to that of wills, which are not revoked upon divorce. For instance, a surviving spouse will receive the whole share of savings if the deceased has no children or no parents. Two witnesses are required while making a nomination. They must be at least 21 years old, must not lack mental capacity and must have a SingPass account if the nomination is made online.
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