SINGAPORE - A High Court judge said it was “puzzling” that while a pre-existing nomination of Central Provident Fund (CPF) funds would be automatically revoked by marriage under the law, a divorce does not hold the same consequences. Read more at straitstimes.com.
SINGAPORE - A High Court judge said it was “puzzling” that while a pre-existing nomination of Central Provident Fund funds would be automatically revoked by marriage under the law, a divorce does not hold the same consequences.
On Wednesday, in written grounds for his decision, the judge said: “This case raised questions with respect to the legislative purpose behind the formality requirements for CPF nominations and how nominations not made in accordance with the required formalities are viewed by the court.” The judge also said the evidence was strong that Mr Toh intended for his CPF monies to pass to Ms Toh.
However, the judge said that as formalities were not complied with, the CPF Board was entitled to refuse to recognise the nomination until the court orders otherwise. Thus, he did not order costs against the board.
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