Amount of moneys by which special account can be topped-up
7.—(1) 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 sum for the time being specified by the Minister under section 18B(3)(b) of the Act 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 special account; and
(b)
the total amount withdrawn by him under Part III of the Central Provident Fund (Investment Schemes) Regulations (Rg 9).
[S 854/2015 wef 01/01/2016]
(2) No amount may be topped-up or paid into an applicable member’s special account under section 18(3) of the Act.