When you sell your HDB flat, the money from the sale will not automatically go back to your CPF account for distribution based on the nomination your father made. Here’s how it works:
CPF and Flat Sale: Upon selling the flat, any amount in your CPF used to finance the flat (e.g., for the down payment or mortgage) will be refunded to your CPF account. This includes the principal amount and any interest accrued. This is separate from the money your father has nominated.
Nominations and Distribution: The nomination your father made for his CPF money is for distribution upon his passing. This is done according to his wishes, and the nominated beneficiaries will receive the funds. However, this is unrelated to the sale of the flat.
Sale Proceeds: Any sale proceeds from the flat (such as cash or excess from the sale) will be disbursed to you, not to CPF. If you are a CPF nominee, the distribution will happen after the nominee’s death, as per your father’s nomination.
To summarize, the CPF money nomination your father made will only come into effect after his passing and won’t be affected by the sale of the flat. The sale proceeds will be handled separately.
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