Unclaimed CPF monies grow to over $200m
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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
The amount of unclaimed monies left with the Insolvency and Public Trustee's Office has grown to $211 million over the last six years.
Largely made up of Central Provident Fund (CPF) monies, the sum was left by people who died without nominating a beneficiary.
In all, about $240 million in unclaimed monies was left with various government agencies over the last six years. The remaining $29 million involves tax refunds, levy bonds and immigration deposits.
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Correction note: This article has been edited for clarity.
