Anonymous

09 Jul 2019

∙

How does CPF DPS Distribution work?

Hi guys, I have some doubts regarding the CPF DPS. My dad passed away when I was still a minor and I was told I will get 30% and my mum will get 70% from DPS. If my mum remarries and passes, does her husband gets all the CPF balances and DPS money too?

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Elijah Lee

09 Jul 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Her DPS proceeds will be distributed according to the DPS nomination, which itself is seperate from her CPF nomination. So it all depends on who she nominates.

If no nomination is made, then DPS proceeds will be paid to the proper claimant. CPF monies distribution will follow the Interstate Succession Act if no nomination is made.

For peace of mind, please advice your mom to make a nomination and a will.

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Related Posts

I am currently a student and I have some CPF savings, however, my CPF contributions are irregular depending on jobs. Should I cancel my DPS and only take it up when I've started working again?

Are both DPS and Prudential insurance enough/equipped for a young person at the age of 25 whom just started working? Are there any alternative ways to pay insurance premiums via cpf?

I am already 55, and have done my CPF ERS. Since I am still working and have contributions to my CPF SA and OA, may I know can I still transfer my CPF from OA to SA to earn higher interest rate?

'Voluntary CPF contributions does not count towards the 3 CPF Retirement Sum'. So this just means that we have to continue working and rely on the monthly mandatory CPF contributions from our jobs?

As a Singaporean working overseas with no CPF, what should I do with my cash savings when I return? Should I top up CPF?