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You may continue to invest your Ordinary Account balance under the CPF Investment Scheme - Ordinary Account (CPFIS-OA) and your Special Account balance under the CPF Investment Scheme - Special Account (CPFIS-SA). However, the stock and gold limits applicable to you may change. Please click here to see how the stock and gold limits applicable to you are computed.
Your investments and cash balance (if any) in your Investment Account will be automatically released to you when you withdraw your CPF savings at age 55, after setting aside the Required CPF Minimum Sum and Medisave Required Amount.
If you do not wish to withdraw your CPF savings at age 55, but would like to have the investments released to you after setting aside the Required CPF Minimum Sum and Medisave Required Amount, you can request the release of your investments here or write in to the Investment Department. Please note that the request to release your investments and cash is equivalent to a request to close your Investment Account. The procedure to release the investments is as follows:
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CPF Investment Scheme – Ordinary Account
(CPFIS-OA)
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CPF Investment Scheme – Special Account
(CPFIS-SA)
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| The Board will inform the agent bank to close your CPF Investment Account. You may approach the bank for the release# of your investments and cash after the Board has notified you. Your investments will be transferred to your own name and you may liquidate them as you wish and have the proceeds paid to you directly. |
The Board will inform your product providers to transfer your investments to your own name and you may liquidate them as you wish and have the proceeds paid to you directly. |
#Central Depository (Pte) Ltd (“CDP”) imposes a transfer fee of $10.70 (inclusive of GST) for every share counter transferred from your CPF Investment Account to your CDP Account.
Your investments will remain under the CPF Investment Scheme if you are unable to set aside the full CPF Minimum Sum and Medisave Required Amount. Upon liquidation of your investments, the proceeds will be credited to your CPF Investment Account for CPFIS-OA or Special Account for CPFIS-SA. Up to half of all your new contributions (including your proceeds from the sale of investments) will be transferred to top up the shortfall in your CPF Minimum Sum and/or Medisave Required Amount when you make an application to withdraw your CPF savings.
To know more about the basics of investments, visit our Business Centre in Retirement Ready @ my cpf.
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You may apply to waive the repayment when you reach 55 and have set aside the CPF Minimum Sum and Medisave Required Amount. The application should be made only after the student has graduated or left the approved institution.
The waiver will include the total CPF withdrawn and the interest that you would have earned had you not used your CPF for education. It does not include the amount that has already been repaid by the student and the amount used for his current course of study (if any).
Click here to apply for waiver of repayment. The Board will notify you once your application has been processed. |
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Your discounted ST shares will be released to you upon request provided you have set aside the CPF Minimum Sum and Medisave Required Amount, when you reach age 55.
The Central Depository (Pte) Ltd (“CDP”) imposes a transfer fee of $10.70 (inclusive of GST). Kindly make the cheque payable to “CPF Board” and send it to us together with your completed Form ST/CDP.
However if you are unable to set aside the CPF Minimum Sum and Medisave Required Amount, the discounted ST shares will not be released to you. Upon liquidation of the discounted ST shares, the proceeds will be credited to your CPF Ordinary Account. Up to half of all your new contributions (including your proceeds from sale of the discounted ST shares) will be transferred to top-up the shortfall in your CPF Minimum Sum and Medisave Required Amount. The remaining proceeds will be paid to you, at your next withdrawal age, or if you are continuously unemployed for 6 months.
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