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This guy has 800K in his CPF. (AK responds to HWZ Forum.)

A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...

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Government confiscates our CPF-MA savings when we die.

Friday, July 14, 2017

The following comments are important. 

Important enough to be lifted from the comments section to be shared in a blog so that it reaches more readers who are CPF members.




Ignore the rumor mongers but if they are people we care about, we should correct them and hope that they listen.

Related post:
Boost CPF-RA or CPF-MA?


AK71 said...

On my FB wall.

Irene Peh:
My dad passed away in 2014. A few months after his death, my brother received a cheque from CPF board as my dad had nominated him to be the beneficiary.
To be more precise, there were monies from my dad's MA.
*they were

AK71 said...

On my FB wall.

Augustine Lim:
Shi fu AK. I can double cfm that MA will be given to the beneficiaries upon the death of member. How come I know? Is because my dad passed on last year. N his balance savings in medisave was transferred to my bank account by the trustee office as my dad did not hv a nomination. The money was transferred in my bank account within 2 weeks after I submitted application to the public trustee with the required supporting documents.

AK71 said...

Augustine Lim:
One more thing. My mother died in the year 2000. Her cpf was unnominated. We din bother till last year when my dad passed on the public trustee inform us to apply to take out my mum cpf money. N this is after 16 years! The money still gave to us.

Cory said...

Wah my innocent questions kick-up a mini-storm. :)

thanks for all the answers.

AK71 said...

Hi Cory,

It is a good question that has helped to educate many other people. ;)

AK71 said...

Reader says...
I know u busy gaming.
U already helped me alot.
if not u, i dont even will bother to max out MA
The bad thing is now max out Liao, cannot get tax relief Liao
Don't kajiao u play game Liao.

AK71 said...


AK71 said...

Augustine Lim says...
This cfm fake news.
Cos when my dad passed on, we din bother to get the money out from his cpf MA account as it is not much.
Cpf board keeps on sending us letters to remind us to take out the money.
Till we bo bian go n do it.

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