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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




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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.

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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 Follow us on Social Media

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