Central Provident Fund (Minimum Sum Scheme) Regulations
Table of Contents
Part I PRELIMINARY
1 Citation
2 Application
3 Definitions
Part II PROVISIONS RELATING TO MINIMUM SUM
4 Maintenance of minimum sum
5 Calculation of minimum sum, etc.
6 (Deleted)
7 Assessing value of immovable property
8 Restriction on mortgage of property
8A Payment of amount secured by charge or pledge upon sale, transfer, assignment or disposal of immovable property
8B Transfer to retirement account of amount paid upon sale, transfer, assignment or disposal of immovable property, towards maintenance of minimum sum
9 Approved bank or approved annuity
9A Use of amount referred to in section 15(6C)(b) of Act
10 Depositing amount referred to in section 15(6C)(b) of Act with approved bank
11 Purchase of approved annuity with amount referred to in section 15(6C)(b) of Act
11A Payment of premium for annuity plan under Scheme
12 Payment from amount deposited with approved bank or retained in retirement account, in general
12A Payment from amount deposited with approved bank or retained in retirement account, where 2 members have set aside jointly 1.5 times the minimum sum
13 Payment from amount deposited with approved bank or retained in retirement account, where member has pension, annuity or other benefit or approved annuity
13A Topping-up of shortfall in minimum sum at subsequent withdrawal
13B Additional payment from amount deposited with approved bank or retained in retirement account
14 Specified amount
Part III GENERAL PROVISIONS
15 Termination of account with approved bank or surrender of approved annuity
16 Death of member
17 Notional date of birth
18 Procedure for withdrawal of amount referred to in section 15(6C)(b) of Act, etc.
19 Breach of Regulations
FIRST SCHEDULE
SECOND SCHEDULE
Legislative History