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Anonymous

25 Feb 2021

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Let’s say I just turned 65 and started drawing from CPF Life. If something happens to me next month and i leave this world, what happens to all the funds that I enrolled into CPF Life?

In this hypothetical scenario, I may have drawn only one month from CPF Life. What happens to the remaining amount (assuming I had put min sum) that I put into the scheme?

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Pang Zhe Liang

25 Feb 2021

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Assuming that you did not make a CPF nomination, the unused CPF LIFE balance will be distributed to your beneficiaries according to the Intestate Succession Act.

More Details: Intestate Succession Act Singapore

If you have made a CPF nomination, then the unused CPF LIFE balance will be distributed to your nominees.

More Details: What is CPF Nomination Singapore

This goes in the same way for any balance in your CPF Account.

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