Personal Finance
What Happens To Your CPF When You Pass Away?
By Seedly  •  November 28, 2018
Most coffeeshop conversations about the Central Provident Fund (CPF) has a negative view of it. This is Even more so when it is this close to the election date. With the advancement of social media and messaging apps like WhatsApp, inaccurate information can spread like wildfire with little validation and consequences. I chanced upon one of those “fake news” on social media which goes like this: ” Everybody please note that when we kick the bucket, all our balanced CPF money will not be automatically deposited into our nominated Next-of-kin’s bank account in cash. CPF board will instead send all your balanced CPF money to your nominated Next-of-kin CPF Medisave Account.” source: www.gov.sg Having experienced the process of doing ...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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