Amount of moneys that may be transferred from member’s ordinary account to relevant individual’s retirement account
6.  Where the Board grants a member’s application to transfer moneys out of his ordinary account to top-up a relevant individual’s retirement account under section 18(1)(a) of the Act, the amount that may be transferred out of his ordinary account for this purpose shall not exceed —
(a)in the case of a member who is below 55 years of age on the date his application is processed —
(i)an amount equal to the relevant amount of the member on that date less the prevailing minimum sum in force; or
(ii)the amount standing to his credit in his ordinary account on that date,
whichever is the lower; and
(b)in the case of a member who has attained 55 years of age on the date his application is processed —
(i)an amount equal to the relevant amount of the member on that date less the minimum sum applicable to him; or
(ii)the amount standing to his credit in his ordinary account on that date,
whichever is the lower.
[S 537/2012 wef 01/11/2012]