Personal Finance
What Happens to the CPF Accrued Interest when the Owner Dies?
By Investment Stab  •  January 29, 2020
Today we will be answering this question: What happens to the CPF accrued interest when the Owner of the HDB passed away? This question was submitted by one of our readers. We would like to thank all our readers who post questions or tips to us. We would love to see more of that coming in, so do feel free to keep sending us these messages! You can contact us via email (investmentstab@gmail.com), comment on our blog, or drop us a message via Facebook or Instagram. Answer: If the owner of the house dies, the accrued interest is waived. Think of accrued interest as something the owner needs to return into their CPF account in order to ensure that they have sufficient money for their retirement. The accrued interest is technically taken out of their profit from the sale of their flats. If the owner passed away, there is no need to plan for their retirement, and hence the accrued interest is...
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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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