CPFB | Closing your account when you leave Singapore

Eligibility
Things to note
Application
Resources
FAQs

Eligibility

Leaving permanently

Leaving Singapore and West Malaysia permanently

If you’re leaving or have left Singapore and West Malaysia with no intention of coming back to live or work, you should close your CPF account now and withdraw your savings in full.

Malaysian leaving Singapore permanently for West Malaysia

There are different requirements for Malaysian citizens who are leaving or have left Singapore permanently to reside in West Malaysia. Find out how to close your CPF account and withdraw your CPF savings in full.

Learn more

Things to note

What happens when you close your CPF account

Understand the impact on your savings and other policies when you close your CPF account.

CPF investments under Ordinary Account (CPFIS-OA)

We will inform the agent bank to close your CPF Investment Account. The agent bank will contact you for the withdrawal of your investments and cash balance (if any) in your CPF Investment Account. Your investments will be transferred^* to your own name and you may thereafter liquidate them as you wish and have the sale proceeds paid to you directly.

^*Central Depository (Pte) Ltd (“CDP”) imposes a transfer fee of $10.70 (inclusive of GST) for every share counter transferred from your CPF Investment Account to your CDP Account.

CPF investments under Special Account (CPFIS-SA)

We will inform your product provider(s) to transfer your investments to your own name and you may thereafter liquidate them as you wish and have the sale proceeds paid to you directly.

Withdrawal of discounted Singtel shares

If you have discounted Singtel shares, you must sell them before your CPF account can be closed.

Alternatively, you can transfer the discounted Singtel shares to your securities account with The Central Depository (Pte) Ltd. For transfer, you will have to provide us with your securities account number when you submit your withdrawal application form.

Termination of CPF LIFE plan

If you’re currently covered under CPF LIFE, your policy will be terminated and the unused premium refunded. If you wish to retain your policy, please contact the CPF Board.

Unpaid tax and premiums

If your tax or MediShield Life premiums are overdue and unpaid, the Inland Revenue Authority of Singapore (IRAS) may appoint the CPF Board to recover the unpaid amount from the CPF savings you’re withdrawing. IRAS will send an agent appointment notice to inform you that the CPF Board will pay the amount to IRAS to settle your unpaid taxes, MediShield Life premiums, or both.

Returning to Singapore as a Singapore Citizen or Singapore Permanent Resident

If you return to Singapore as a Citizen or Singapore Permanent Resident, you must refund the amount withdrawn plus any accrued interest to your CPF account.

Application

Close your CPF account and withdraw your savings

If you are in Singapore, make an appointment to visit the CPF Service Centre. If you are overseas, choose an application form that is suitable for your circumstances and send your application by post.

For members leaving Singapore and West Malaysia permanently

If you're overseas, complete an application form and send it in by post. Your application must be witnessed and certified true by an official from a Singapore Overseas mission, with the official seal/stamp duly affixed.

Documents you'll need (PDF, 62KB) Complete the form (PDF, 1.3MB)

For Malaysians leaving Singapore permanently for West Malaysia

If you're a Malaysian citizen who is leaving or have left Singapore permanently to reside in West Malaysia, close your CPF account and withdraw your CPF savings in full.

Apply here

Visit the CPF Service Centre

Complete the process of closing your CPF account in person at the CPF Service Centre.

Make an appointment

Resources

Need more information?

FAQs

Common questions

How can I get the letter from Immigration & Checkpoints Authority confirming the cancellation of my Singapore permanent residency if I am closing my CPF account upon leaving Singapore?

Do I have to go to Singapore to cancel my permanent resident status if I am closing my CPF account upon leaving Singapore?

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Account closure on leaving Singapore permanently

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Leaving permanently

What happens when you close your CPF account

Close your CPF account and withdraw your savings

Visit the CPF Service Centre

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