We will inform the agent bank to close your CPF Investment Account. The agent bank will then contact you for the withdrawal# of your investments and cash balance (if any). Your investments will be transferred to your own name and you may thereafter continue servicing your investments using cash or liquidate them as you wish and have the sale proceeds paid to you directly.
Once transferred, your CPFIS investments and cash balance in your CPF Investment Account will no longer be protected from any claims by your creditors and/or the Official Assignee.
# Central Depository (Pte) Ltd (“CDP”) imposes a transfer fee of $10.00 (excluding GST) for every share counter transferred from your CPF Investment Account to your CDP Account.
