The treatment of the deceased member's discounted Singtel shares depends on whether he had made a valid nomination before his passing.

 

If the deceased member had made a valid nomination, his discounted Singtel shares will be distributed to his nominee(s) in the proportion he had indicated in his CPF nomination form. The nominee can either instruct the Board to sell the shares or transfer the shares to his Central Depository (Pte) Ltd securities account.

 

The dividends and proceeds stop earning CPF interest upon the member's passing, as they are not CPF monies but assets held on behalf of the beneficiaries.

 

If the deceased member had not made a valid nomination, or had passed away before 1 January 1996, his discounted Singtel shares will form part of his estate. The dividends and proceeds stop earning CPF interest upon the member's passing, as they are not CPF monies but assets held on behalf of beneficiaries as part of the deceased member's estate. Find out how you can claim the deceased member's discounted Singtel shares.