Daphne Lye, Financial Planning Lead said in an interview that CPF is one of the options for parents to help their children increase their savings. The main benefit is that they can obtain a government-guaranteed return to a certain extent, locking in a significant compound interest effect for their children. This can also allow children to be exposed to and cultivate the habit of long-term saving through the provident fund system from an early age. The main disadvantage of this approach is the lack of liquidity and reduced flexibility in using funds. Of course, due to the long capital lock-up period, you may face risks caused by policy changes.