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What happens to my investments when my CPF account is closed?

The treatment of your investments when your CPF account is closed will depend on the investment scheme you have participated in.

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.

 

 

We will inform your product provider(s) to transfer your investment to your own name. Thereafter, you may 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.

Your discounted Singtel shares will be automatically liquidated in the month following the automatic closure of your CPF account. The sales proceeds will be held together with your CPF savings, which you can transfer to your bank account at any point in time.

 

If you do not wish for your discounted Singtel shares to be automatically liquidated, please liquidate them before you renounce your Singapore Citizenship or Permanent Residency.