Over $200m in CPF monies with no nomination left unclaimed

Sum left with Insolvency and Public Trustee's Office over last 6 years by those who died without naming beneficiary

Last year alone, the Public Trustee's Office (PTO) received $63.2 million in such unnominated CPF monies belonging to 3,540 individuals.
Last year alone, the Public Trustee's Office (PTO) received $63.2 million in such unnominated CPF monies belonging to 3,540 individuals.ST PHOTO: KUA CHEE SIONG
ST ILLUSTRATION: MANNY FRANCISCO

A total of $211 million, largely made up of Central Provident Fund (CPF) monies, has been left unclaimed with the Insolvency and Public Trustee's Office over the last six years. The sum was left by people who died without nominating a beneficiary.

Last year alone, the Public Trustee's Office (PTO) received $63.2 million in such unnominated CPF monies belonging to 3,540 individuals.

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A version of this article appeared in the print edition of The Straits Times on October 21, 2019, with the headline 'Over $200m in CPF monies with no nomination left unclaimed'. Subscribe