Home News Featured News CPF responds, says father with insufficient cash for daughter’s education cannot make...

CPF responds, says father with insufficient cash for daughter’s education cannot make a withdrawal

The CPF board's reasoning is that the money cannot be used for his daughter's education as Mr Lim did not have enough savings for basic retirement




- Advertisement -

The Central Provident Fund (CPF) Board has responded to a 60-year old father who took to social media saying that that he might have to resort to choosing between borrowing money, and stopping his daughter’s education because he was allegedly disallowed from using his Central Provident Fund (CPF) money.

Mr Lim Koh Leong wrote on Facebook on Wednesday (June 26), that despite having more than enough money in his CPF account, he was allegedly told by staff that he could not use the funds there.

The CPF Board has responded with a statement confirming that Mr Lim cannot use his CPF funds for his child’s education.

CPF’s full statement: “As Mr Lim did not have sufficient CPF savings for a basic retirement, allowing him to use his CPF for his daughter’s education is not appropriate. The better approach is to find other ways to finance his daughter’s school fees. We have spoken to him and are discussing alternative options. The Nanyang Academy of Fine Arts will also be in touch with him.

- Advertisement -

Having reviewed our video recording, we are satisfied that our staff had served Mr Lim calmly and professionally. Mr Lim explained that he was upset and our staff has accepted his apology”.

Posted by CPF Board on Thursday, June 27, 2019

In his original Facebook post, Mr Lim wrote, “Because my salary did not reach the lowest deposit I can’t apply to use CPF for my daughter’s school fees. I want to ask, right now in my CPF there is 70,000+, I only need 15,000 to pay for my daughter’s school fees”.

“I felt cheated, humiliated, angry. So many years of hard work, sweat and tears to earn the money and it’s inside CPF. It is suppose (sic) to be my money. I’m in need of it and yet, I cannot take my own money to help pay my daughter’s school fees” he initially said. /TISG

The original story: Daughter’s education left hanging after CPF Board allegedly disallows father to withdraw and pay for fees 

Send in your scoop to news@theindependent.sg 

- Advertisement -

JTC issues stop-work order on contractor that ‘erroneously’ cleared Kranji woodlands

Singapore – The contractor that “erroneously” cleared a forested area at Kranji has announced it has been issued a stop-work order by JTC and is assisting the developer with investigations on the issue. On Feb 16, state-owned industrial property developer JTC responded...

Clementi, Dover, Kranji: Singapore’s grand conservation plan is to plant trees and destroy forests

Yes, we love to plant trees. Since Lee Kuan Yew started the whole ritual, at least 10,000 saplings are planted every year since 1963 as part of the Tree Planting campaign. Impressive indeed. Singapore Clean and Green. At the same time,...

Ex-UOB vice-president charged with mishandling over S$5.4 million

Singapore—Sixty-five-year-old Ling Shek Lun, who used to be a  vice-president at UOB, has been charged with mishandling millions of dollars, reported straitstimes.com (ST) on Friday (Feb 19). Ling, a Singaporean who was charged in district court on Feb 10, faces two charges...

Send in your scoop to news@theindependent.sg