facebookWhat to do with the CPF money in Singapore for a Singaporean married to a foreigner while living overseas. She found out she has cancer. Is withdrawing the best option she is covered under private insurance overseas? - Seedly

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Anonymous

19 Nov 2020

CPF

What to do with the CPF money in Singapore for a Singaporean married to a foreigner while living overseas. She found out she has cancer. Is withdrawing the best option she is covered under private insurance overseas?

Should she withdraw her CPF monies?

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Duane Cheng

19 Nov 2020

Financial Consultant at Prudential Assurance Company Singapore

Hello there,

CPF monies cannot be withdrawn, unless you have attained the age of 55. If your wife has not hit the full retirement sum, she can only withdraw 5K from her account. If she has hit the full retirement sum, she is able to withdraw the excess above the sum.

In any case, the only instance where CPF monies are disbursed, is on death.

Hope this clarifies your queries!

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