| Members |
| Retirement |
Manual Transaction |
E-Transaction |
| Withdrawal Applications |
Interbank GIRO (IBG) |
Non-IBG |
IBG |
Non-IBG |
| Application submitted less than 7 working days before my birthday |
2 weeks / 10 working days |
3 weeks / 15 working days |
7 working days |
Not applicable |
| Application submitted at least 7 working days before my birthday for Manual Transaction and 5 working days for E-Transaction# |
We will pay you within 2 working days from your birthday# |
We will pay you within 2 working days from your birthday#
|
| If you are on Standing Order Withdrawal Service, we will pay you automatically within 2 working days# (for IBG) or 3 weeks / 15 working days (for Non-IBG) from your birthday. |
The processing time includes the time taken to perform verification checks and/or obtain more information from our service partners (if applicable).
# As the banks require two working days for funds transfer to your bank account, you will be paid within two working days from your birthday. |
| Application for lump-sum and/or monthly withdrawals by undischarged bankrupt members |
3 weeks / 15 working days |
4 weeks / 20 working days |
2 weeks / 10 working days |
3 weeks / 15 working days (Non-IBG is only applicable for members with no bank account) |
| Please note that your application can only be processed on or after your 55th birthday due to your insolvency status.The processing time includes the time taken to perform verification checks and/or obtain more information from our service partners (i.e Official Assignee, Inland Revenue Authority of Singapore). |
|
Minimum Sum Scheme Applications |
Manual Transaction |
E-Transaction |
| Application to start monthly payments from my Retirement Account |
5 working days |
4 working days |
For IBG, the bank account will be credited by the 4th working day of the following month. Cheque payments will be dispatched by post by the 6th working day of the following month. |
| Application for pledging of properties bought using CPF |
The Board will write to HDB within 7 working days from receipt of application. Application will be processed within 5 working days after all co-owners had given consent and complete information provided by HDB. |
The Board will write to HDB within 4 working days from receipt of application. Application will be processed within 5 working days after all co-owners had given consent and complete information provided by HDB. |
For IBG, the bank account will be credited by the 8th working day of the following month. Cheque payments will be dispatched by post by the 14th working day of the following month.
Applications for pledging can only be processed after member attained age 55. |
| Application for pledging of properties not bought using CPF |
The Board will write to Bank / lawyer / HDB within 7 working days from receipt of application. Application will be processed within 7 working days after all co-owners had given consent and lodgment of charge (where applicable). |
The Board will write to Bank / lawyer / HDB within 4 working days from receipt of application. Application will be processed within 7 working days after all co-owners had given consent and lodgment of charge. |
For IBG, the bank account will be credited by the 8th working day of the following month. Cheque payments will be dispatched by post by the 14th working day of the following month.
Applications for pledging can only be processed after member attained age 55. |
| Application to top up/ redeem my pledge in my Retirement Account |
Application to redeem the property pledge will be processed within 7 working days. Top up to the Retirement Account will be processed within 5 working days upon receipt of request and payment. |
Application to redeem the property pledge will be processed within 5 working days. Top up to the Retirement Account will be processed within 5 working days upon receipt of request and payment. |
| Application can only be processed when the Retirement Account is created at age 55. |
| Application to purchase annuities using my Minimum Sum (submitted electronically through insurance companies) |
Application will be processed within 5 working days upon receipt of complete information from Insurance Companies. |
| Application for exemption from Minimum Sum Scheme |
Application will be processed within 7 working days upon receipt of verified information from Pension Office / Insurance Companies. |
Application will be processed within 5 working days upon receipt of verified information from Pension Office / Insurance Companies. |
| For IBG, the bank account will be credited by the 8th working day of the following month. Cheque payments will be dispatched by post by the 14th working day of the following month. |
| Application for topping-up under CPF Minimum Sum Topping-up Scheme |
Application will be processed within 7 working days upon receipt of application (with verified relationships). |
Application will be processed within 5 working days upon receipt of application (with verified relationships). |
| Application to Top Up My Spouse's/Sibling’s Special Account Under the Minimum Sum Topping Up Scheme |
Application will be processed within 9 working days upon receipt with relevant supporting documents. |
Application will be processed within 7 working days upon receipt with relevant supporting documents. |