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No, CPF savings withdrawn are not taxable.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/CareShield 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/CareShield Life.

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