In his letter, “My friend finally managed to withdraw all his CPF”, ZL MO gave the impression that his friend had succeeded (sadly by committing suicide) in leaving his CPF savings to be withdrawn by his two children for sustenance – quote, “Maybe, he thought this was the ultimate sacrifice he had to make so that his children would not have to beg on the streets.”
ZL MO’s friend, out of parental love, may have made the ultimate sacrifice for his children. But the father may have made the wrong assumption – that CPF (ultimately Temasek Holdings/PAP government) would be uncharacteristically willing to also make the ultimate sacrifice – i.e. to release THEIR TIGHT GRIP ON CPF HOLDERS’ MONEY after they die.
Would the children ACTUALLY GET THE MONEY from the father’s CPF savings? They could be in for another heartbreak after their father’s demise – if what is written in this article titled “Your CPF savings absolutely safe even after you die” is correct.
If true, it looks like the children won’t be able to withdraw the CPF MONEY left by their father. They won’t be given A CHEQUE. Instead the money will be CREDITED, as beneficiaries, to their CPF accounts – where it will remain “absolutely safe” in CPF’s iron grip.
Can someone confirm if this is the truth or otherwise?