CPF Account Closure for Non-Residents and Foreigners
This form is essential for non-Singapore citizens and non-permanent residents wishing to close their CPF accounts. It provides detailed instructions and necessary declarations. Completing this form is mandatory for account closure and withdrawal of funds.
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How do I fill this out?
Filling out this form is a straightforward process. Begin by gathering your identification details and bank information. Follow the instructions in each section carefully to ensure a complete application.
How to fill out the CPF Account Closure for Non-Residents and Foreigners?
1
Read the instructions thoroughly before starting.
2
Fill out your personal particulars accurately.
3
Provide correct bank details for fund transfer.
4
Complete the declaration section with all necessary signatures.
5
Double-check for any errors or missing information.
Who needs the CPF Account Closure for Non-Residents and Foreigners?
1
Foreign workers in Singapore who wish to withdraw CPF savings.
2
Ex-Singapore citizens looking to close their CPF accounts.
3
Non-Permanent Residents planning to leave Singapore permanently.
4
Individuals needing to access their CPF funds for overseas reasons.
5
Students from abroad who have previously contributed to CPF.
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What are the important dates for this form in 2024 and 2025?
Starting April 2024, non-Singapore Citizens and non-Permanent Residents can no longer participate in the CPF schemes. Ensure that your application is submitted before this deadline to avoid losing access to your CPF funds.
What is the purpose of this form?
The purpose of this form is to officially request the closure of a CPF account for individuals who are not Singapore citizens or permanent residents. It facilitates the withdrawal of accumulated CPF savings and ensures eligibility for fund disbursements. Understanding the process and requirements is essential for a smooth application.
Tell me about this form and its components and fields line-by-line.
- 1. Applicant's Particulars: Includes personal details like name, identification numbers, contact information, and overseas address.
- 2. Bank Details: Collects necessary bank information for fund transfers, ensuring applicants provide accurate account details.
- 3. Declaration and Agreement: A critical section where applicants confirm their understanding of the process and legal obligations.
What happens if I fail to submit this form?
Failure to submit this form may result in extended delays in accessing your CPF funds. You may also miss out on the opportunity to close your account according to your timeline. Ensure the form is completed fully to avoid these issues.
- Delays in Processing: Incomplete or incorrect submissions can lead to significant delays in processing your closure request.
- Loss of Funds: Failure to submit correctly may result in lost access to your accumulated CPF savings.
- Legal Ramifications: Incorrect information may lead to legal issues or delays in fund release.
How do I know when to use this form?
- 1. Closing CPF Accounts: This form is essential for those looking to close their CPF accounts.
- 2. Withdrawing Money: It is needed for those who wish to withdraw their CPF funds entirely.
- 3. Non-Resident Transactions: Ideal for non-residents who want to manage their CPF savings effectively.
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