Anonymous

23 Jun 2021

∙

What happened if you put $181k into your child's SA account and 25 years later, unfortunately, the child passed away with no spouse. How will the money in the SA be handled?

CPF- SA

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Tan Choong Hwee

23 Jun 2021

Solutions Specialist at Providend

It will be distributed according to your child's CPF nomination, or goes to PTO for distribution according to intestacy law if no nomination is made:

CPF FAQ on Distribution Upon Death

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What happen to CPF RA (Retirement Account) money when someone pass away? What is the difference, - pass away < 65 CPF LIFE starts vs. - pass away > 65 after CPF LIFE payout starts

If my CPF SA account is already at FRS ($181k), can i deploy or invest some money from SA account so that the SA sum is below FRS amount and then top up $7k cash to qualify for tax exemption?

If my SA account has reached FRS balance (181k for this year). For tax relief next year, should I top up cash $7K to SA or OA by Dec 2020 or Jan 2021?

If I top up my spouse account up to FRS from 20 K , At her age 55 Can she choose to select BRS with property pledge and remaining money in SA account.?

Planning to save some money for buying a house in 1 year time. Should I be putting the money into Syfe Cash+ or keep in a savings account?