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What happens to my CPF savings if I have unpaid taxes, MediShield Life premiums or CareShield Life premiums when my account is closed?

If you have unpaid tax/MediShield Life premiums/CareShield Life premiums/Outstanding education loan owed to a CPF member, we may recover the unpaid amount from your CPF savings before transferring the balance to your bank account.

You are encouraged to settle any outstanding liabilities (e.g. insurance, tax and housing liabilities) before your CPF account is closed.