Central Provident Fund Act |
Central Provident Fund (Minimum Sum Topping-Up Scheme) Regulations |
Rg 3 |
G.N. No. S 306/1995 |
REVISED EDITION 1998 |
(1st January 1998) |
[1st July 1995] |
Citation |
1. These Regulations may be cited as the Central Provident Fund (Minimum Sum Topping-Up Scheme) Regulations. |
Definitions |
Transfer of member’s moneys to parent’s or spouse’s retirement account |
3.—(1) Any member who wishes to transfer an amount of moneys out of the sum standing to his credit in the Fund to the retirement account of his parent or spouse under section 18 (a) of the Act shall make an application in such form and supported by such evidence as the Board may require.
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Payment of moneys into member’s own or his parent’s, grandparent’s or spouse’s retirement account |
4.—(1) Any person, whether a member of the Fund or otherwise, who wishes to voluntarily maintain a minimum sum with the Board or to pay moneys into his own or his parent’s, grandparent’s or spouse’s retirement account under section 18(b) of the Act shall make an application to the Board in such form and supported by such evidence as the Board may require.
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Amount of moneys that may be transferred from member’s ordinary account |
5. Where the Board grants a member’s application to transfer moneys out of his ordinary account to top-up his parent’s or spouse’s retirement account, the amount that may be transferred out of his ordinary account for this purpose shall not exceed —
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Amount of moneys by which retirement account of member or his parent, grandparent or spouse can be topped-up |
6.—(1) For the purposes of these Regulations, the maximum amount by which a recipient’s retirement account can be topped-up shall be —
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