Is there a cap on the CPF transfers that can be made to the CPF Accounts under the division of CPF monies in matrimonial proceedings?
There is no cap on the CPF transfers if so ordered by the Court. It is up to the Court to decide on the division of CPF monies and how much to transfer.
Before the Court grants the court order, the member's latest CPF statement should be made available to the Court so that it has up-to-date information on the amount of CPF monies available for the transfer. Any planned changes to the member's CPF Account status (e.g. deductions for housing payments) should also be taken into consideration.
The Board may only effect the transfers based on the available balances in the member's CPF Account upon receipt of the court order.
