Regulation 9
Termination of account with approved bank or surrender of approved annuity
of Central Provident Fund (Retirement Sum Plus Scheme) Regulations 2000
Subsidiary LegislationIn forceProvision 9 of 12
Regulation 9
Subregulation 1
Where a member terminates the account with an approved bank in which he or she has deposited the additional sum, the member is entitled to withdraw all the moneys in that account.
Subregulation 2
Where a member surrenders any approved annuity, the member is entitled to be paid from the insurer issuing the approved annuity an amount representing the surrender value of the approved annuity.