Singaporean students are eligible for a Post-Secondary Education Account, the balance of which will be transferred to the CPF account when one reaches the age of 30.
Male account-holders get $3,000 credited into this account when they complete full-time national service. But account-holders cannot make use of this money unless they study in Singapore.
Why can't they use the money for further education overseas?
Neo Seok Kian (Ms)
This article was first published on June 17, 2014.
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