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When a couple divorces, the Court may divide the matrimonial assets acquired during the couple’s marriage, including CPF monies.
Effective 1 October 2007, the Courts have greater flexibility in the division of matrimonial assets in a divorce to facilitate a smooth and fair distribution of CPF monies.
The Courts could order an immediate transfer of the members’ CPF monies to the ex-spouses’ CPF accounts if the ex-spouses are Singapore citizens or Permanent Residents. The ex-spouses will have certainty over the amount they receive, as it is no longer limited by the amount of CPF monies that the members could withdraw when they are eligible to do so.
Depending on what the Court orders, the CPF Account transfers would be made to the ex-spouse’s Ordinary Account (OA), Medisave Account (MA) and Special Account (SA), and/ or Retirement Account (RA), according to the accounts they originally resided in.
The Court could also order the sale of a property or investments. Once the CPF refunds / investment proceeds have been credited to the member's CPF account, the Court could order a division of the refunds / proceeds.
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