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Prescribed circumstances for not closing special account under section 13AA(1) of Act, etc.

Central Provident Fund (Closure of Special Account) Regulations 2025

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—(1) For the purpose of section 13AA(1) of the Act, the prescribed circumstances for not closing a member’s special account are any of the following:(a)the Board has been notified of the member’s death before the closure of the member’s special account;(b)the member’s accounts in the Fund are deemed to be dormant under section 2(1B) of the Act immediately before the closure of the member’s special account;(c)as at the date that the member attains the age of 55 years (being a date after the SAC Start Date), the member —(i)has withdrawn the sum standing to the credit of the member in the Fund under section 15(2)(b) of the Act or under section 15(2)(b) or (c) of the Act as in force before 1 April 2024, and has not made a full refund of those withdrawn moneys under regulation 2 of the Central Provident Fund (Prescribed Circumstances under Section 13C) Regulations 2022 (G.N. No. S 279/2022); and(ii)does not have any moneys standing to the credit of the member in the member’s ordinary, special and medisave accounts.(2) Paragraph (1)(a) does not prevent the Board from closing the member’s special account if the Board is subsequently satisfied that the notification of death mentioned in paragraph (1)(a) is erroneous.(3) Paragraph (1)(b) does not prevent the Board from closing the member’s special account if the Board is subsequently satisfied that the member’s accounts in the Fund should no longer be deemed to be dormant.(4) Paragraph (1)(c) does not prevent the Board from closing the member’s special account if the Board is subsequently satisfied that —(a)the member is a citizen or permanent resident of Singapore; or(b)any amount of the moneys withdrawn under section 15(2)(b) of the Act or under section 15(2)(b) or (c) of the Act as in force before 1 April 2024, has been refunded under regulation 2 of the Central Provident Fund (Prescribed Circumstances under Section 13C) Regulations 2022 into the member’s account or accounts in the Fund.

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