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Anonymous
At which age do you think we should do a CPF nomination. What happens if we do not?
Read the Seedly article recently which made me think about applying for the CPF nomination. I see my CPF growing and now I’m thinking how I should think about this when I’m not around anymore. Appreciate the help. Thanks!
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Chin Guo Qiang (ITIL4 / CSPO / CSM)
30 Mar 2020
Assistant Vice President, IT Operations at Bank of China Limited
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Jason Sing
30 Nov 2018
School Of Hard Knocks And Life at School Of Hard Knocks And Life
We should do a CPF nomination now so that our money would go to only the intended people. We do not know what is going to happen in the future.
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You should nominate anytime now if u have concerns. You should at min nominate after u get married. ...
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It can be done anytime but good to do after the following events.
Marriage as the previous CPF nominations will be voided upon marriage
A kid is born as you would want to keep some monies for your offspring to get a headstart in far future, saving up even more via compounding effect.
This is uncommon but it helps to reduce some family tension as the CPF member nomination is under sound mind declared, and speeds up the CPF claims processes if in place (need to verify on this though).