I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Tuesday, 26 March 2019

Will Anyone Know Who My CPF Nominee(s) are?


The CPF nomination details are kept confidential. Hence, your family members will not be informed of the identity of your nominee(s). It is also not possible for any person to check with the CPF Board if they are someone’s CPF nominee.

 However, you may authorise the CPF Board to disclose the identities of your nominees to specific individuals after your demise.
Today, Uncle8888 visited CPF Branch again; but this time it is not about withdrawal of CPF interests.

 He has authorized CPF Board to disclose the identities of his nominees to the Executors of his Will as specific individuals after his demise.




Posted by Createwealth8888 at 17:59
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5 comments:

  1. Createwealth888826 March 2019 at 18:06:00 GMT+8

    No speculation of nominees upon demise. RIP!

    ReplyDelete
  2. Spur26 March 2019 at 19:53:00 GMT+8

    Heheh, for those who keep their annual CPF statements, or leave them lying around the house ... family members will know the rough total amounts. If the total tabulated after disbursement is nowhere close to the annual statements, then the family ought to know that there's some other nominee(s). Hohoho!

    CPF takes about 1.5 to 2 months to disburse into nominees' bank accounts. So if after 2 months no money or much less than expected ... like that lorr!

    For me it's simple since my CPF quantum is not 7-figures LOL ... I just upfront tell my family members my nominations & the respective % :)

    Hmmm, I wonder what happens for cases where the nominee is also deceased when I up lorry ... I'm guessing it will be treated as part of the nominee's estate? Then either follow the nominee's Will, or follow intestate act if no Will.

    ReplyDelete
  3. CreateWealth888826 March 2019 at 20:31:00 GMT+8

    1. Any nominee deceased we need to re-nominate.

    2. If no, go to nominee's estate

    ReplyDelete
  4. CreateWealth888827 March 2019 at 09:22:00 GMT+8

    Go to deceased nominee estate. No estate will mean unclaimed cpf. Plenty of unclaimed cpf hor

    ReplyDelete
  5. Spur27 March 2019 at 11:07:00 GMT+8

    No CPF nominations means $$$$ will be transferred to public trustee's office. Family or relatives need to pay some fee to PTO for the $$$$ to be distributed according to intestate act.

    Usually cases where persons are loners, don't have any close family/relatives, are those end up with CPF monies unclaimed in PTO.

    ReplyDelete

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