Singapore legislation
Regulation 5A
of Central Provident Fund (Lifelong Income Scheme) Regulations 2009
Regulation 5A
Assessment date for section 27K(2)(b) of Act
Subregulation 1
For the purposes of section 27K(2)(b) of the Act, the assessment date applicable to a member who has attained 55 years of age on or after 1 January 2013 is —
the date on which the Board transfers to the member’s retirement account, under regulation 5A(1) or (2) of the Central Provident Fund (New Retirement Sum Scheme) Regulations 2004, the amount prescribed in paragraph (3) of that regulation; or
where the Board does not effect the transfer mentioned in paragraph (a) because the amount to be transferred (determined in accordance with regulation 5A(3) of the Central Provident Fund (New Retirement Sum Scheme) Regulations 2004) is nil — the date on which the Board makes that determination.
Subregulation 2
Paragraph (3) applies to a member —
who has attained 55 years of age on or after 1 January 2013;
whose annuity plan was terminated under section 27K(5D) of the Act; and
who subsequently becomes a citizen or permanent resident of Singapore.
Subregulation 3
For the purposes of section 27K(2)(b) of the Act, the assessment date applicable to a member mentioned in paragraph (2) is —
the date on which the Board is satisfied that the member meets all the requirements in paragraph (2); or
if on the date mentioned in sub‑paragraph (a), the member does not meet the requirement in section 27K(2)(b)(iii) of the Act and the Board has permitted the member to make payment for himself or herself under regulation 2 of the Central Provident Fund (Prescribed Circumstances under Section 13C) Regulations 2022, the latest of the following dates:
the date on which the moneys are paid into the member’s retirement account;
the date on which the moneys are transferred into the member’s retirement account from the member’s ordinary account or special account;
where the member is permitted to make payment by way of instalments, the date on which the last instalment is paid into the member’s retirement account or transferred into the member’s retirement account from the member’s ordinary account or special account.