Frequent question: Can I withdraw my CPF Investment?

How do I transfer CPF Investment account back to CPF?

Transfer from CPF Investment Account to CPF Ordinary Account

  1. Select “More Investment Services” under the “Invest” tab on the top navigation.
  2. Under the “Manage Investments” category, select “Refund to CPF Board”.
  3. Select “Refund Full Amount” or “Refund Partial Amount”. …
  4. Read the agreement, then click “Next”.

Can I withdraw my top up CPF?

Top-up monies are set aside specifically for retirement needs and can only be used for monthly payouts under the Retirement Sum Scheme, or CPF LIFE1. It cannot be withdrawn in cash or used for any other purposes such as education, investment, insurance premium payments, housing etc.

How long does it take for CPF refund?

The refund will usually take 5 to 7 working days. However, if you need the funds urgently for your purchase, you can contact CPF to request them to expedite the refund. If you are planning the sale and purchase concurrently, it is best to time the two processes to be at least 3 weeks apart.

How can I withdraw money from my CPF account?

You can withdraw your CPF retirement savings by submitting an online application with your Singpass via My Requests. You may opt for payment via Interbank GIRO to your Singapore bank account, or via PayNow to your NRIC-linked bank account.

IT IS INTERESTING:  What is the best IRA company to invest in?

What is CPF Housing refund?

What is the CPF Voluntary Housing Refunds? It’s a scheme that allows you to refund your CPF monies used to fund your house. You can refund any amount at any point in time, up to the full principal amount withdrawn for the property with the accrued interest. The money goes back to your OA.

What happens to CPF money after death?

The money from the Central Provident Fund (CPF) of a person who has died will be distributed in line with the nomination they made during their lifetime. … The CPF Board will also send us the CPF money of a person who has died if the person chosen to receive that money is under 18 years old (unless she is a widow).

How do I check my CPF refund?

You may email employer-refund@cpf.gov.sg to check the status of your refund application for your employee(s). Please state the CPF Submission Number (CSN) and/ or Transaction Reference Number of the refund application in your email.

Capital