Central Provident Fund Act
(Chapter 36, Section 77(1))
Central Provident Fund (Topping-Up of Special Account) Regulations
Rg 37
G.N. No. S 730/2007

REVISED EDITION 2008
(2nd June 2008)
[1st January 2008]
Citation
1.  These Regulations may be cited as the Central Provident Fund (Topping-Up of Special Account) Regulations.
Application
2.  These Regulations shall apply to the transfer or payment of moneys into a special account under section 18(3) of the Act.
Definitions
3.—(1)  In these Regulations, unless the context otherwise requires —
“payment” means payment of moneys other than moneys standing to the credit of the payer in the Fund, and “pay” shall be construed accordingly;
“prevailing minimum sum” means such sum as may for the time being be specified by the Minister by notification in the Gazette under section 18B(3)(b) of the Act.
(2)  In these Regulations —
(a)a reference to the minimum sum applicable to a person shall be —
(i)if the person has attained the age of 55 years before 1st July 1995, the minimum sum specified in the Schedule to the Central Provident Fund (Minimum Sum Topping-Up Scheme) Regulations (Rg 3);
(ii)if the person has attained or will attain the age of 55 years on or after 1st July 1995 but before 1st July 2004, the minimum sum specified in the Second Schedule to the Central Provident Fund (Revised Minimum Sum Scheme) Regulations (Rg 2); and
(iii)if the person has attained or will attain the age of 55 years on or after 1st July 2004, the minimum sum specified in the First Schedule to the Central Provident Fund (New Minimum Sum Scheme) Regulations (Rg 31); and
(b)a reference to the relevant amount of any member shall be —
(i)in the case of a member who is below 55 years of age, the total amount in cash standing to his credit in his ordinary and special accounts together with the total amount withdrawn by him under the Central Provident Fund (Investment Schemes) Regulations (Rg 9); and
(ii)in the case of a member who has attained 55 years of age, the total amount in cash standing to his credit in his ordinary, special and retirement accounts together with the total amount withdrawn by him under the Central Provident Fund (Investment Schemes) Regulations.
Transfer of member’s moneys to parent’s, grandparent’s, spouse’s or sibling’s special account
4.—(1)  Any member who wishes to transfer an amount of moneys out of the sum standing to his credit in the Fund to the special account of his parent, grandparent, spouse or sibling under section 18(3)(a) of the Act shall make an application to the Board in such form and supported by such evidence as the Board may require.
[S 373/2009 wef 20/08/2009]
(2)  The Board may grant an application made under paragraph (1) subject to such terms and conditions as the Board may impose.
(3)  The Board shall not grant any application made by a member under this regulation if —
(a)in the case of a member who is below 55 years of age on the date his application is processed, the relevant amount of the member on that date is less than or equal to the prevailing minimum sum in force; and
(b)in the case of a member who has attained 55 years of age on the date his application is processed, the relevant amount of the member on that date is less than or equal to the minimum sum applicable to him.
[S 106/2009 wef 01/04/2009]
Payment of moneys into special account
5.—(1)  Any person, whether a member of the Fund or otherwise, who wishes to pay money into the special account of a member under section 18(3)(b) of the Act shall make an application to the Board in such form and supported by such evidence as the Board may require.
[S 515/2008 wef 01/11/2008]
(2)  The Board may grant an application made under paragraph (1) subject to such terms and conditions as the Board may impose.
Amount of moneys that may be transferred from member’s ordinary account
6.  Where the Board grants a member’s application to transfer moneys out of his ordinary account to top-up his parent’s, grandparent’s, spouse’s or sibling’s special account, 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, the lower of the following amounts:
(i)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; and
(b)in the case of a member who has attained 55 years of age on the date his application is processed, the lower of the following amounts:
(i)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.
Amount of moneys by which special account can be topped-up
7.  For the purposes of these Regulations, the maximum amount by which the special account of a person can be topped-up under section 18(3)(a) or (b) of the Act shall be the prevailing minimum sum less the aggregate of the following amounts on the date the application for the transfer or payment of moneys to his special account is processed:
(a)the total amount standing to his credit in his ordinary and special accounts; and
(b)the total amount withdrawn by him under the Central Provident Fund (Investment Schemes) Regulations (Rg 9).
[S 515/2008 wef 01/11/2008]
Frequency of transfer or payment of moneys to special account
8.  No transfer or payment of moneys shall be made by a person under these Regulations to the same special account more than once in a year, unless otherwise permitted by the Board and subject to such terms and conditions as the Board may impose.
Application of moneys transferred or paid to special account
9.—(1)  No moneys transferred or paid to a person’s special account under section 18 (3)(a) or (b) of the Act, and no interest paid on any moneys transferred or paid to a person’s special account under section 18 (3)(a) or (b) of the Act, shall be withdrawn except under or for the purposes of section 15 (2A)(a) or (7B)(a), 18A, 19A or 27B of the Act or this regulation.
(2)  When a person attains the age of 55 years, if the aggregate amount in his special account of —
(a)all moneys transferred or paid to his special account under section 18 (3)(a) or (b) of the Act, excluding any such moneys which have already been withdrawn; and
(b)all interest paid on any moneys transferred or paid to his special account under section 18 (3)(a) or (b) of the Act (including any such moneys which have already been withdrawn), excluding any such interest which has already been withdrawn,
does not exceed the minimum sum applicable to him, the aggregate amount shall be transferred by the Board to his retirement account in accordance with section 18 (4), (5) and (6) of the Act.
(3)  When a person attains the age of 55 years, if the aggregate amount in his special account of —
(a)all moneys transferred or paid to his special account under section 18 (3)(a) or (b) of the Act, excluding any such moneys which have already been withdrawn; and
(b)all interest paid on any moneys transferred or paid to his special account under section 18 (3)(a) or (b) of the Act (including any such moneys which have already been withdrawn), excluding any such interest which has already been withdrawn,
exceeds the minimum sum applicable to him —
(i)an amount equal to the minimum sum applicable to him shall be transferred by the Board from his special account to his retirement account in accordance with section 18 (4), (5) and (6) of the Act; and
(ii)the balance of the aggregate amount in his special account may be withdrawn by him in accordance with the Act.
(4)  Any moneys transferred to a person’s retirement account in accordance with section 18 (4), (5) and (6) of the Act (including any interest paid thereon) —
(a)may be , deposited with an approved bank or used to purchase an approved annuity from an insurer; but
(b)shall not be withdrawn under section 15 (9), (9A), (10) or (10A), 21, 21A or 21B of the Act.
(5)  Where the minimum sum applicable to a person comprises —
(a)an amount in cash; and
(b)an amount covered by a charge on or pledge of any immovable property under section 15 (9), (9A), (10) or (10A), 21, 21A, 21B, 27C(1)(v), 27D(1)(v), 27E(1)(iv) or 27F(1)(iv) of the Act,
for the purposes of computing the amount that may be covered by the charge or pledge, the amount in cash shall exclude any moneys transferred to the person’s retirement account in accordance with section 18 (4), (5) and (6) of the Act (including any interest paid thereon).
(6)  Where any moneys have been transferred to the retirement account of a person in accordance with section 18 (4), (5) and (6) of the Act, or any such moneys have been deposited with an approved bank under paragraph (4)(a), those moneys (including any interest paid thereon) may be withdrawn by him in accordance with the Central Provident Fund (New Minimum Sum Scheme) Regulations (Rg 31).
Death of member, or withdrawal by member under section 15(2)(b ) or (c) of Act
10.—(1)  Subject to section 19A(3) and (4) of the Act, where any moneys have been transferred to a member’s special account under section 18(3)(a) of the Act and in accordance with these Regulations, upon the death of the member, or upon the withdrawal of any sum from the Fund by the member under section 15(2)(b) or (c) of the Act, the moneys so transferred (including all such moneys that have been transferred to the member’s retirement account in accordance with section 18(4), (5) and (6) of the Act) or the balance thereof shall be credited —
(a)to the ordinary account from which it was transferred; or
(b)where 2 or more persons have contributed to those moneys, to the ordinary accounts of those persons in the proportion of each such person’s contribution.
(2)  Subject to section 19A(7) and (8) of the Act, where any moneys have been paid to a member’s special account before 1st November 2008 under section 18(3)(b) of the Act as in force immediately before that date and in accordance with these Regulations as in force immediately before that date, upon the death of the member, the moneys so paid (including all such moneys that have been transferred to the member’s retirement account in accordance with section 18(4), (5) and (6) of the Act) or the balance thereof shall be credited —
(a)to the ordinary account of the person who made the payment; or
(b)where 2 or more persons have contributed to those moneys, to the ordinary accounts of those persons in the proportion of each such person’s contribution.
[S 515/2008 wef 01/11/2008]