/akn/sg/act/sub_leg/1953/CPFA-S973-2024

Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024

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Type
Subsidiary Legislation
Status
In force
Enacted
1953
Sections
3

Quick answer

About this subsidiary legislation

Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation CPFA-S973-2024 1953, currently marked in force and first recorded in 1953.

Regulation 1

Citation and commencement

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This Notification is the Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 and comes into operation on 1 January 2025.

Regulation 2

Rate of interest payable

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It is declared that interest is payable —

(a)

on the amounts standing to the credit of a member of the Fund in the member’s ordinary account and nominee ordinary account (if any), at the rate of 2.5% per annum; and

(b)

on the amounts standing to the credit of a member of the Fund in the member’s medisave account, nominee medisave account, special account, nominee special account, retirement account and nominee retirement account (if any), at the rate of 4% per annum.

Regulation 3

Revocation

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Revoke the Central Provident Fund (Declaration of Rates of Interest) (No. 3) Notification 2024 (G.N. No. S 740/2024).

Common questions

What is Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024?
Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 is Singapore Subsidiary Legislation, cited as Subsidiary Legislation CPFA-S973-2024 1953, currently marked in force and first recorded in 1953.
Is Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 still in force?
Yes — Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 is currently in force.
When did Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 take effect?
Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 was first recorded in 1953.
How many regulations does Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 have?
Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 contains 3 regulations.
Where can I read the official version of Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024?
The official text of Central Provident Fund (Declaration of Rates of Interest) (No. 4) Notification 2024 is published at sso.agc.gov.sg.