Central Provident Fund (Revised 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 member
5 Withdrawal at age of 55 years and maintenance of minimum sum by member
6 Exemption from depositing of minimum sum
7 Setting aside of less than 2 times the minimum sum by parties to marriage
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 Definitions of terms in regulations 9 and 10
12 Computation of balance in minimum sum
Part III GENERAL PROVISIONS
13 Assessing value of immovable property
14 Restriction on mortgage of property
15 Approved bank or approved annuity
16 Use of minimum sum
17 Depositing minimum sum with approved bank
18 Purchase of approved annuity with minimum sum
19 Termination of account with approved bank or surrender of approved annuity
20 Death of member
21 Notional date of birth
22 Procedure for withdrawal of minimum sum
23 Breach of Regulations
FIRST SCHEDULE
SECOND SCHEDULE
THIRD SCHEDULE Multiplying Factor
FOURTH SCHEDULE
Legislative History