Singapore legislation
Regulation 5
of Central Provident Fund (Retirement Sum Scheme) Regulations 1988
Regulation 5
Calculation of retirement sum, etc.
In calculating the retirement sum which a member is required to set aside under section 15(6) of the Act, the Board is to take into account the following matters at the time the member attains 55 years of age:
the sum standing to the member’s credit in the Fund (excluding the balance in the member’s medisave account);
the amount withdrawn by the member pursuant to regulations made under section 77(1)(h) of the Act (relating to the purchase of immovable properties) or the net value of the immovable property, whichever is the less;
the amount withdrawn by the member pursuant to regulations made under section 77(1)(n) of the Act (relating to the making of investments).