SIN GVT CPF Retirement Sum Changes


On Mar. 28, SIN GVT amended a number of CPF-related regulations.


  • SIN GVT gazetted the Central provident fund (amendment no. 2) regulations 2024.
  • Amendment No. 2
  • Inserted definitions of cash grant, continuing condition, and member’s initial transfer.
  • Replaced regulation 12 with restoration or transfer of moneys from general moneys of Fund; added regulation 12A reduced rate for non-applicable period before Apr. 1, 2027.
  • These regulations come into operation on Apr. 1, 2024.
  • Retirement Sum Scheme
  • Published Central provident fund (new retirement sum scheme) (amendment) regulations 2024, in operation on Apr. 1, 2024, except regulation 6 on Dec. 31, 2021.
  • Published Central provident fund (retirement sum scheme) (amendment) regulations 2024, comes into operation on Apr. 1, 2024, except regulation 4 on Dec. 31, 2021.
  • Published Central provident fund (retirement sum topping-up scheme) (amendment) regulations 2024 and, except for regulation 4, come into operation on Apr. 1, 2024.
  • Published Central provident fund (revised retirement sum scheme) (amendment) regulations 2024 and, except for regulation 5, come into operation on Apr. 1, 2024.
  • Follows SIN GVT Sep. 2023 amendments regulations on retirement scheme, #174721.
  • Investment Schemes
  • Published Central provident fund (investment schemes) (amendment) regulations 2024, which come into operation on Apr. 1, 2024; adds definition of applicable person.
  • Lifelong Income Scheme
  • Published Central provident fund (lifelong income scheme) (amendment) regulations 2024, which come into operation on Apr. 1, 2024; new regulation 8A period prescribed for Scheme to cease and annuity plan to be terminated under section 27K(5D) of Act.
  • Designated Shares
  • Published Central provident fund (nominations) (amendment) rules 2024, which come into operation on Apr. 1, 2024; defines applicable person and designated shares.
  • Published Central provident fund (designated shares) (amendment) regulations 2024, which come in operation on Apr. 1, 2024; added new definition of applicable person.
  • New regulation 6A time of sale of vested shares under section 26(6)(aa) of Act.
  • Home Protection Insurance
  • Published Central provident fund (home protection insurance scheme) regulations 2024, which come into operation on Apr. 1, 2024; re single and annual premium.

Regulators SIN GVT
Entity Types Ins; Inv Co; Pension
Reference OG S283/2024, S271/2024, S272/2024, S273/2024, S274/2024, S276/2024, S277/2024, S278/2024, S280/2024, S281/2024, 3/28/2024
Functions Compliance; Financial; Legal; Treasury
Countries Singapore
Category Central Government
State
Products Fund Mgt; Insurance; Insurance-Property; Pensions; Retirement Plan; Securities
Regions AP
Rule Type Final
Rule Date 3/28/2024
Effective Date 4/1/2024
Rule Id 206397
Linked to Rule :174721
Reg. Last Update 3/28/2024
Report Section International

Last substantive update on 04/01/2024