Singapore legislation
Regulation 14
of Income Tax (Supplementary Retirement Scheme) Regulations 2003
Regulation 14
Transfer of balance standing in SRS accounts after deemed withdrawals
Amended byS 405/2015 wef 01/07/2015S 405/2015 wef 01/07/2015
Subregulation 1
Amended byS 405/2015 wef 01/07/2015
Where any sum standing in the SRS account of a deceased SRS member is deemed to be withdrawn under section 10L(9) of the Act, the SRS operator shall not transfer such sum out of the SRS account except with the approval of the Comptroller or in accordance with regulation 14A.
Subregulation 2
[Deleted by S 405/2015 wef 01/07/2015]
Subregulation 3
Amended byS 405/2015 wef 01/07/2015
An SRS operator who contravenes paragraph (1) shall be guilty of an offence.