What will happen to my CPF Investment Scheme (CPFIS) investments if I leave Singapore permanently and withdraw all my CPF monies?
.For CPF Investment Scheme-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 continue servicing your investments using cash or liquidate them as you wish and have the sale proceeds paid to you directly.
* Central Depository (Pte) Ltd (“CDP”) imposes a transfer fee of $10.00 (excluding GST) for every share counter transferred from your CPF Investment Account to your CDP Account.
For CPF Investment Scheme-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.
Once withdrawn, your CPFIS investments and cash balance in your CPF Investment Account will no longer be protected from any claims by your creditors and/or the Official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.