Dear SHCians<\/p>\n
There is a on going issue on our CPF money with the government and I would like to share this which I have also just learned.
\nFor those who have made nominees in the CPF, check the status again to confirm that your beneficiary will be able to receive CASH instead of :<\/p>\n
MODE:
\n1) Nominee to receive moneys in his\/their Special Account (SA) or Retirement Account (RA)
\n– first subject to the prevailing Minimum Sum limit, and thereafter into Medisave Account
\n(MA) subject to the prevailing Medisave Contribution Ceiling<\/p>\n
2) Nominee to receive moneys in his\/their Medisave Account first, subject to the prevailing
\nMedisave Contribution Ceiling, and thereafter into Speciakl Account or Retirement
\nAccount, subject to the prevailing Minimum Sum<\/p>\n
There are 3 Type :
\nC – Cash Nomination Scheme
\nE – Enhanced Nomination Scheme
\nS – Special Needs Savings Scheme<\/p>\n
Print out your status and check if your nominee has 100% or divided into portion if you have more than one child and that under (Type*) you see the (C) which is cash, and that under
\nMode^ it is blank, otherwise, you have to email to CPF and check with them.<\/p>\n
It is better to have all this done while one is still alive to avoid any problem for your next of kins<\/p>\n
Leon<\/p>\n","protected":false},"excerpt":{"rendered":"
Dear SHCians There is a on going issue on our CPF money with the government and I would like to share this which I have also just learned. For those who have made nominees in the CPF, check the status again to confirm that your beneficiary will be able to receive CASH instead of : … Continue reading “CPF”<\/span><\/a><\/p>\n","protected":false},"author":7534,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-15077","post","type-post","status-publish","format-standard","hentry","category-2"],"_links":{"self":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/posts\/15077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/users\/7534"}],"replies":[{"embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15077"}],"version-history":[{"count":5,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/posts\/15077\/revisions"}],"predecessor-version":[{"id":43288,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=\/wp\/v2\/posts\/15077\/revisions\/43288"}],"wp:attachment":[{"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/silverhairsclub.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}