Central Provident Fund (New Minimum Sum Scheme) Regulations
Table of Contents
Part I PRELIMINARY
1 Citation
2 Application
3 Definitions
Part II MAINTENANCE OF MINIMUM SUM
4 Minimum sum required of individual
5 Withdrawal at age of 55 years and maintenance of minimum sum by individual
6 Exemption from depositing of minimum sum
7 Maintenance of one and a half times the minimum sum by married couple
8 Topping-up of shortfall in minimum sum during subsequent withdrawals
9 Payment from minimum sum in retirement account or in approved bank at age of 60 or 62 years and thereafter
10 Payment from minimum sum where member has pension, annuity or other benefit or approved annuity
11 Computation of balance in minimum sum
Part III GENERAL PROVISIONS
12 Assessing value of immovable property
13 Restriction on mortgage of property
14 Approved bank or approved annuity
15 Use of minimum sum
16 Depositing minimum sum with approved bank
17 Purchase of approved annuity with minimum sum
18 Termination of account with approved bank or surrender of approved annuity
19 Death of member
20 Notional date of birth
21 Procedure for withdrawal of minimum sum
22 Breach of Regulations
Legislative History