Scheduled Maintenance: CPF digital services will not be available on 24 Mar 2024, from 2am to 5am.

Your page is loading.
One moment please.

Do I need to pay taxes for the amount I withdraw from my CPF accounts?

No, CPF savings withdrawn are not taxable.

However, please note that if you have any unpaid taxes or MediShield Life premiums, we may recover the unpaid amount from the CPF savings you are withdrawing.

This is done to ensure that everyone fulfils their tax obligations and has sufficient coverage under MediShield Life.