CPFB | Declaration and agreement – Apply for exemption from setting aside a retirement sum [RSS/8]

Declaration and agreement – Apply for exemption from setting aside a retirement sum [RSS/8]

I irrevocably authorise CPF Board to share my NRIC number and bank account information with the Government and other public sector agencies (including statutory boards) and authorised agents of the Government (collectively, the “Government and Paying Agencies”), for the purpose of crediting cash payments from the Government and Paying Agencies to me using the Account.
I also authorise CPF Board to credit any payment due to me:
1. under the CPF Act and its subsidiary legislation; and
2. from the Government in respect of which CPF Board is the administrator, agent or trustee to the account.
I irrevocably consent to and authorise the Bank, including any officer thereof, to disclose to CPF Board and the Government and Paying Agencies any information whatsoever relating to me and to the Account as is necessary for the purpose of verifying and making payment to my bank account. This consent shall survive the termination of the Account with the Bank and may be relied on and enforced as fully and effectively by the Bank as if it was addressed to the Bank.
I understand that CPF Board, the Government and the Paying Agencies have the absolute discretion to decide whether to verify information relating to me or my Account. I will not hold CPF Board, the Government and the Paying agencies responsible if they decide not to perform such verification.
I shall at all times hereafter indemnify the Central Provident Fund Board and hold the Central Provident Fund Board harmless from and against all actions, proceedings, claims, liabilities, penalties, awards, damages, costs (including without limitation, legal costs of the Central Provident Fund Board on a solicitor and own client basis), expenses and any loss whatsoever, however arising, directly or indirectly, which the Central Provident Fund Board may be liable to incur or suffer as a result of releasing such CPF monies to me through my aforesaid bank account.
I understand that my application is subject to approval and the amount I may withdraw from my RA, if any, excludes (i) top-up monies under the Retirement Sum Topping-Up Scheme; and (ii) grants under the Matched Retirement Savings Scheme.
I understand that if I am placed on CPF LIFE and have not been issued a CPF LIFE policy, I will automatically be excluded from CPF LIFE and no CPF LIFE policy will be issued to me if I am eligible to be fully exempted from setting aside a retirement sum. Note: If you already have a CPF LIFE policy, you need to apply to terminate your CPF LIFE policy. (Please refer to the Important Notes for more information.)
I undertake to inform CPF Board immediately if my pension/annuity policy has been terminated/ surrendered/revoked. I understand that:
1. I will then no longer be exempted from setting aside a retirement sum; and
2. I will be required to refund an amount determined by the Board in accordance with the laws in force at the time the refund is required to be made. Based on current laws, the amount to be refunded will not exceed the retirement sum applicable to me and any interest payable on that amount if it had been set aside in my retirement account at age 55.
I have read and understood the Important Notes, and declare that all information provided on this form and any document(s) given are true and correct.

Declaration and agreement – Apply for exemption from setting aside a retirement sum [RSS/8]

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Declaration and agreement – Apply for exemption from setting aside a retirement sum [RSS/8]

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Declaration and agreement – Apply for exemption from setting aside a retirement sum [RSS/8]