Singapore legislation
Regulation 13A
Regulation 13A
Contributions to CPF account instead of CPF Top-Up Account
Subregulation 1
Subject to paragraph (2), the Board must, between 1 July 2021 and 30 June 2025 (both dates inclusive) in respect of every member of the SAVER Plan, and on or after 1 July 2025 in respect of every Category A member, cause to be paid to the member’s account in the Central Provident Fund, the monthly sum mentioned in regulation 13(1)(a) instead of causing it to be credited to the member’s CPF Top-Up Account.
Subregulation 2
The Board must not cause, or must cease to cause, the monthly sum to be paid to the member’s account in the Central Provident Fund under paragraph (1) and must continue or resume causing the monthly sum to be credited to the member’s CPF Top-Up Account under regulation 13(1)(a) if either of the following circumstances exist:
during the relevant period, the aggregate of the Government’s contributions and the monthly sums that have been paid to the member’s account in the Central Provident Fund under paragraph (1) and (if applicable) regulation 12A(1) of the Singapore Armed Forces (Premium Plan) Regulations (Rg 22) is —
$20,000 or more in the ordinary account maintained for the member under the Central Provident Fund Act 1953; and
$40,000 or more in the aggregate in both the medisave account and special account maintained for the member under the Central Provident Fund Act 1953;
the member has exercised an option for the monthly sum to be credited to his CPF Top-Up Account under regulation 13(1)(a) and the option has taken effect.
Subregulation 3
The option mentioned in paragraph (2)(b) —
may be exercised by a member as long as either or both of the limits in paragraph (2)(a) are not reached in respect of the member;
when exercised, is irrevocable; and
takes effect starting the month immediately following the month in which the option is processed.
Subregulation 4
In this regulation —
Definition
“Category A member of the Premium Plan” has the same meaning as “Category A member” in regulation 2(1) of the Singapore Armed Forces (Premium Plan) Regulations;
Definition
“Government’s contributions”, in relation to a member, means the contributions paid into the Central Provident Fund for the member by the Government under the Central Provident Fund Act 1953 in respect of the period where the member is —
before 1 July 2025 either a member of the SAVER Plan or the Premium Plan; (b)between 1 July 2025 and 31 December 2025 (both dates inclusive) either a Category A member or a member of the Premium Plan; and
on or after 1 January 2026 either a Category A member or a Category A member of the Premium Plan;
Definition
“medisave account”, “ordinary account” and “special account” have the meanings given by section 2(1) of the Central Provident Fund Act 1953;
Definition
“relevant period”, in relation to a member, means the continuous period that he is in the service of the Singapore Armed Forces —
starting on the date he is enlisted for regular service in the Singapore Armed Forces as a soldier, officer or officer cadet; and (b)ending on the last date of the month immediately before the month in which the monthly sum is to be paid to the member’s account in the Central Provident Fund under paragraph (1).