Singapore legislation
Regulation 3
of Central Provident Fund (Voluntary Contributions and Annual Limits) Regulations 2021
Regulation 3
Refusal to credit voluntary contributions to Fund
Subregulation 1
No general voluntary contribution, medisave voluntary contribution and self‑employed medisave voluntary contribution paid to the Fund on or after 1 January 2022 may be credited for the benefit of a person who is not a citizen or permanent resident of Singapore.
Subregulation 2
No medisave voluntary contribution paid to the Fund on or after 1 January 2022 may be credited for the benefit of a person who is suffering from a terminal illness or disease, unless the Board considers it appropriate to so credit the contribution in a particular case.
Subregulation 3
The Board may, in its discretion, refuse to credit the following voluntary contributions made under section 7(4), 8A(4) or 13B(1) of the Act in 2022 or in any subsequent year: (a)a medisave voluntary contribution to be credited to a person’s medisave account that will result in the total credit balance in the person’s medisave account exceeding the amount directed by the Minister under section 13(6) of the Act for that year; (b)a self-employed medisave voluntary contribution to be credited to a person’s medisave account that will result in the annual limit under regulation 4(1) being exceeded for that year;
a general voluntary contribution to be credited to a person’s account or accounts in the Fund that will result in the annual limit under regulation 4(1) being exceeded for that year.