facebookHow does CPF work? A bank's relationship manager told me if I passed away before 65 years old, the amount in my CPF will be returned but the interests are confiscated by government. Is that true? - Seedly

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Anonymous

06 May 2019

CPF

How does CPF work? A bank's relationship manager told me if I passed away before 65 years old, the amount in my CPF will be returned but the interests are confiscated by government. Is that true?

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Gabriel Tham

06 May 2019

Tag Team Member at Kenichi Tag Team

Your RM trying really hard to get sales from you!

CPF is your money, including interest earned. If you did not nominate who to get the money, they will distribute according to the law.

Hariz Arthur Maloy

05 May 2019

Independent Financial Advisor at Promiseland Independent

What.

No that's not true. Your interest is deposited into your CPF accounts and thus distributed ac...

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