Singapore legislation
Regulation 7
of Central Provident Fund (Topping-Up of Special Account) Regulations 2007
Regulation 7
Amount by which special account may be topped‑up
Subregulation 1
The maximum amount prescribed for the purposes of section 18(3)(a) or (b) of the Act is the difference between —
the prevailing retirement sum; and
the aggregate sum immediately before the transfer or payment (as the case may be) to the special account under that section.
Subregulation 2
The special account top‑up limit, in relation to a transfer from a member’s ordinary account to the member’s special account under section 18B of the Act, is the difference between —
the prevailing retirement sum; and
the aggregate sum immediately before the transfer.
Subregulation 3
The aggregate sum mentioned in paragraph (1) or (2) is the total of the following amounts:
the amount standing to the member’s credit in the member’s special account;
the member’s investment amount in respect of each investment purchased with any amount withdrawn from the member’s special account under Part 3 or regulation 39 of the Investment Schemes Regulations that has not been completely disposed of, except if —
the Board approves the member’s application under regulation 40(1) of the Investment Scheme Regulations to withdraw all securities which the member purchased or acquired under Part 3 of those Regulations; or
the member has died and the Board has been notified of the member’s death in accordance with regulation 43A of the Investment Schemes Regulations.
Subregulation 4
No amount may be —
transferred or paid into an applicable member’s special account under section 18(3) of the Act; or
transferred into an applicable member’s special account under section 18B of the Act.