Was wondering did anyone apply for CPF withdrawal after Singapore announced Closure of CPF Accounts for Non-Singapore Citizens and Non-Permanent Residents ?

How is the process and how long does it take? Website stating the process will take up to 6 weeks.
Since the announcement was > 6 weeks ago did anyone have any success on able to get the withdrawal?

If you are still working in sg, you cant take, only January. Process is about 1 month.

You can withdrawal full amount if not working.

I'm not working in Sg for a long time back and not SPR or Sg Citizen.

Are you saying they start processing January 2024 onwards? Was confuse about that?

When did you make the withdrawal after the announcement on 9th March?
If you did the withdrawal how was the payment done? Cheque, or transfer option?

Was looking for someone that has that experience to share. TQVM

I've emailed CPF regarding this , there is 2 methods , one is via snail mail where we need to fill form and get it certified by Singapore embassy then send the information back to them . they will send a cheque to you . second method is physically going back to singapore and sending the documents for verification and then they will process the request . I'm planning to go down to sg to do it. which is better i think.


Here's the instructions from CPF

1.) By post if you are not in Singapore
- Download and print the form 'CPF Account Closure for non-Singapore Citizens and non-Permanent Residents' (Form CPF-CA) at cpf.gov.sg/FormCPFCA .

- Bring the form and original copies of the required supporting documents listed in the form, to have them witnessed and certified by an official from the Singapore Overseas Mission, with his official stamp or seal duly affixed.

- Send the completed Form CPF-CA and required supporting documents via registered mail to:



Central Provident Fund Board

Nominations & Accounts Closure Department

238B Thomson Road

#08-00 Tower B Novena Square

Singapore 307685



2.) In-person at CPF Maxwell Service Centre
- Please make an appointment via cpf.gov.sg/ClaAppt to visit the CPF Service Centre to close your CPF account and transfer your CPF savings to yourself. Please make the appointment at least one working day in advance.

- When visiting the CPF Service Centre, please bring along this email, together with your original copies of the supporting documents stated at cpf.gov.sg/AccountClosureDocs.



Please note the Board will only commence the processing of your application upon receipt of all required documents.

Thanks Kevin..

The method you posted seem to be the traditional method prior to the announcement. I did do some research on that as well but seem like the new method are online.

When you can apply withdrawal?
The above link mention that as soon as you are no longer a SC or PR, you may close your CPF account and transfer your CPF savings to your bank account at any time. (Regardless of East or West Malaysia Resident)

Online account closure and withdrawal form
Above link is the online form to apply for closure specially for Malaysian citizen.
I did apply this link about 6 weeks back and yet to hear from them that is why I'm wondering any success case since the new announcement

Ohh let me check back again . i sent the email about a month back . seems like maybe they have updated their process.

Seems like the process is still the same , apply using the online form but after that they will email you with the paper based form needed . I think they still have not fully enabled their online process yet . But maybe for certain cases it might be okay to do online fully . For my case , i left sg about 8-9 years already and my PR and singpass has been cancelled .

Got it and thanks for sharing.
I will update if there are any changes or update with the online form process.

How do you contribute to CPF when you are a foreigner working there?

Used to be working there and was SPR till was renounced long time back.
For some people that worked in Sg long time back you do not need to be SPR to contribute too.
They used to have a rules for West Malaysia people that you cannot withdraw till age 55 and above but that was recently change.

How much is left in your CPF?

Not too sure it was quite sometime ago, but should be worth the fuss

Do you mean , I I am still working in Sg , i can only apply to withdraw on Jan 2024? Just to confirm on the date.

Yes

May I know where you got this information about withdrawing only in Jan? If one is working in Spore now but not a PR (and used to contribute to CPF), doesn't this mean he is considered a non-SC and non-PR?

The CPF account closure should affect him too, no?

My friend use to be a PR, but now no more, so he went to check and was told only can withdraw in JAN since all non-PR cpf accounts will be closed in December. Can withdraw immediately if not working in spore

My mum recently took her CPF which was from the 70s. Went to SG, filled up forms and masuk her account in a month.

Just went to Singapore CPF to get this thing done. It's pretty fast. All in gaodim within 20 minutes.

Few important documents to have:
1. Your passport with your SPR.
2. If you didn't keep your old passport, your blue color IC.
3. Your malaysia IC and current passport.
4. Your bank account in Sg. If not, you can provide your Malaysia bank account also, but i think you will lose out a lot in the FX.

You are right. I just checked again.

https://www.cpf.gov.sg/member/account-servi...leave-singapore

Do you need a appointment number or can walk in to have it done . Thanks in advance for the info.

Yes, else they dont let you in.

That's great. Quick question, anyone manage to close the CPF account & transfer into a WISE account?

Just did my account closure on monday 29th May . Set appointment 2 week prior then went down to CPF Maxwell service centre . Took number and waited for about 50 min before number called . Passed all relevent document : IC,current passport, passport with SPR (Old one ) , old SPR IC , and sg bank book preferably .
Altogether done in 1 hour 5 min .

I asked the personnel there , they say can do online also but need to get the copies of documents approved in singapore embassy then send it over CPF via mail (Post) . Need to make sure all documents correctly sent else will take time .

i called SG embassy in KL, they said i need to renounce my PR status. ( i already left like 15 years ago and REP expired too 15 years ago).

did you do the PR renouncement?

Thanks.

Hi Super2047, do you manage to withdraw the balance amount in Medisafe account too?

No, I didnt do that.

Yes, all 3 aacounts need to be closed.

Hi, you managed to withdraw all amounts from these 3 accounts?

I think best way is to open CIMB SG account and link to CIMB MY account.

Ask CPF to pay to CIMB SG account. The rates at CIMB are quite decent.

I am still waiting for the funds to be banked in to my cimb Sg account.

huat la. but then, did they contact you to close the account or voluntarily?

All non citizen and non PR got to close the account, whether you like it or not

you didn't answer the question.

did they contact you directly to close or given you a deadline?

or you just went to process it yourself with your own initiative?

Every foreigner will have to close account by next year. You don't have to wait for the letter telling you to do that. The letter is just to inform you about this new ruling.

means own initiative. thanks.

I foresee zerg rushing next year. With limited appointment slots, there's high risk of not getting a slot by the closing date. Your money is still safe though, just that it doesn't earn interest.

so has the interest stopped currently or there's a cut off date?

Until iirc March nx year.

i try to do it via singapore embassy in Malaysia. will update here.

they told my friend
first step is to renounce your citizenship.
second step then only withdraw CPF (after 6-8 weeks)

citizenship? potong pink passport?

From what I read at CPF website, the role of the people at the embassy is to certify the documents and make sure or witness you are the one signing the forms.

I apply online, 6 weeks later, officer send email to go down to singapore (since KL singapore embassy full slot until Oct)

I went to CPF to close the account. lesson learnt, alway make appoint before go. my episone, CPF officer was kind to me to grant me a visit.

officer said, need to wait for 6 weeks (alamak). I opted for direct bank in to my singapore acc.

now my next quest if I hijack the thread a bit, how do transfer this money to malaysia bank.

Everyone know banks fees is cut throat. others like wise, remitly, etc. what is your experience ?

Well, I suppose it depends on how much and how fast you want to transfer.
1) Bring back SGD bit by bit, change to RM at money changer here
2) open CIMB sg and my accounts. Link them and do online transfer. The exchange rates are pretty good.
Don't use remittance service from your Sin bank (dbs or whatever) to transfer as the rates aren't good.

That's all I know. There could be more ways.

we are talking about CPF saving in 5 figures and more. taking out by cash is not possible. Johor custom clearly stated max MYR 25k or equi.

how do we know online rate of CIMB for comparisons. not sure CIMB offer rater on the fly.

WISE offer online guarantee 48hours hedge rate ON THE FLY, WITH option to bank in malaysia bank account or duitnow ID.

the other closest competition (or better) to WISE is SINGX, but not for malaysian.



This post has been edited by ccschua: Jun 20 2023, 03:32 PM

u may check cimb live online exchange rate at cimb sg website.

normally cimb rate is Rm 0.01 lower than the rate from online and without extra charges which is pretty good.

They told you 6weeks money will be in? I waited like 8 weeks already 😂

When you have both MY and SGP CIMB accounts, you will be shown the rate you will get when you attempt to do a SG to MY transfer via your CIMB Sgp account.

Use transferwise or Instarem. If you still want to keep SGD, since you have SG account, maybe buy some bonds or put in FD.

FD rate is fast droping. i had it in 3.9%, 3.5% but now its only 3.0%. very soon it will go back to 2% and 1 %.

at that time, i will need WISE or other better instrument transfer 5/6 figures to EPF which yields 5>%, no matter the SGD appreciation

Hi, I have a question. With the closure of CPF, does it automatically require to surrender the blue IC? or we still can retain it?

Thanks.

Seem like the online form doesn't make any use at all, from what I gather you will need to use the form CPF-CA and sign in front of witness (Singapore High Comm or Consulate) in order to proof your identity.
The problem now is the appointment slot is all till next year.
Maybe if you are travelling overseas can try the appointment there.

surrender back... you don't retain blue IC and your paper REP

There’s always Instarem and SingX, why not for Malaysian?

Spore Account or Malaysia Account?

Malaysia account. On another case, my sister who is a singaporean now recently redrew her EPF, 2 weeks she received a cheque from KWSP.

bro
what about OCBC SG and link to OCBC My account?

Kwsp is so much better then. Cpf took me 10 weeks and still not yet send me the money.

hi,

Want to enquire..if want to withdraw cpf money to be deposited (online) to cimb sg account, can apply to withdraw by just completing the online form in cpf website https://form.gov.sg/63573e845cfdb20012171772 (seems like money be sent by cheque in sgd to home address).

Am i on right track or am missing anything esle. tqvm.

p/s cpf didn't reply to my queries (3 times submit thru 'Write To Us' alrdy).

This post has been edited by spf: Jul 4 2023, 07:07 AM

You missed the part about having your forms and signature certified by Singapore Embassy staff, before mailing them to CPF. Basically, they need to be sure the person signing the forms is the real account holder.

i dont really get ur meaning...the online filling up (for Malaysian only that states to receive money by CHEQUE) didn't say anything abt having forms, etc certified by Embassy...u mean after filling up the form online, cpf will sent another set of forms to be filled up, then certified by Embassy..(then money can be transfered by cpf to cimb.sg?..need to be sure before i press submit)...tqvm

This post has been edited by spf: Jul 5 2023, 06:35 AM

read from the beginning of this thread. there is a completed process mentioned and people did it.

I clicked the link you provided in the earlier post, and realised this is a new online form which I didn't know existed. Hence, what I said may not be applicable as the hardcopy forms were the ones to be used if one wanted to close account previously.

Apologies for any confusion.

Edit: therefore, I'm not sure about this new procedure.

This post has been edited by mushigen: Jul 5 2023, 09:43 PM

is it still the same steps or are there (minor) changes since then? need to be sure it's NOT by cheque.

Hi,

Is this the online form (for Malaysians only who wish to receive money by Cheque) that u and the others above filled up and thereafter they also sent another set of forms (to be certified by embassy) https://form.gov.sg/63573e845cfdb20012171772. Need to be sure cpf don't sent cheque to me & if possible dont want to travel to s'pore. tq.

This post has been edited by spf: Jul 6 2023, 05:49 AM

TQ for ur answers.

In my opinion, the online form is just a starter.

They will reply to your email that you will need to get a bunch of forms certified in their high commission in KL. The way they allow the appointment there is crazy. I booked in early APR and only can get a slot in end SEP. So book first and think later.

Does anyone know if they allow withdrawal to a CIMB Singapore account ?
I just emailed them this morning as well...

This post has been edited by GregPG01: Jul 6 2023, 08:29 AM

sure. should be able to.

I visited CPF (to me, online application is a waste of time) and they cross check the account number online for validity before allowing the process. in essence, I gave a wrong account number and they are able to detect it. even the account number dash has to be correct. best to visit them physically.

i will suggest to open a cimb sg account and get the money into the account directly.
see if cimb malaysia branch can help to open an account or not?

i did the renunciation of embassy already. need to wait 8 weeks... then can submit documents to embassy...

Has anyone tried using panda remit to transfer sgd to msia? It seems the rate is quite good... Not sure if it is better than CIMB

Already more than 10 weeks I have submitted all documents to cpf in person, till now money still not in and nowhere to check the progress. Cpf really good in getting money but not releasing money.

How long to process CPF closure

Average time for in person submission is 10 weeks, then additional 4 weeks on top of that as they say there's too many applications.
Online application is 6+4 weeks.

I've submitted mine 6 weeks ago online, still no news either.

The worst thing is there is nowhere to check the progress....

Yeah I'm guessing current status is "in progress", next status will be "approved". Big gap in between with no small updates

Problem is we can't even see whether it is in progress, approved or rejected or whatsoever because no where we can check...CPF really did a bad job on this. Not even a single email is sent to us after we submit the application to confirm everything....

Chatted by Whatapps with cpf (link in cpf site)... the online form i mentioned (for M'sian only), receipient wld receive money by cheque in Sgd currency.

For bank-in into cimb.sg, need to download hardcopy forms, certified at embassy, etc.

(Whatapps functn of cpf...previously was available but not operational (need ongoing case to chat)).

I think they'll only contact you if there's any issues with your application, don't think there's any reason for rejection since it's open to all now.

Also I did mine online, I got an immediate reply the next day saying I'm missing info on 2 pages. Resubmitted and they said looks good and their guys will process it. I'm guessing if you did it in person they would double check to make sure no missing info.

Can't wait for it to be approved though

Can anyone confirm... From the day you filled in and submitted an online form (which is just for Malaysian) and the day you receive the money, how many days it takes ?

I plan to place booking for a condo and use the cpf money for balance purchase price but I am worried I do not get the money in 3 months...

I will go to Singapore to submit the hardcopy docs personally if I am required to.

Thanks

I thought auto renounce since you did not renew PR. what is this renounce process like?

IMPO as long as REP expired and never go back to Spore to work, then PR status would auto lapse according to REP status

This post has been edited by Ckmwpy0370: Jul 11 2023, 09:13 AM

Hi all,

i have been following this thread for a while and i did my submission yesterday at CPF Maxwell Service Centre, would like to share my experience here for benefits of all.

14 June - I filled up and submitted online form for account closure for Malaysian
19 June - I received email reply from CPF, telling me they need to verify my identity in order for them to process my account closure. i am given 2 options 1. filled up form and have all supporting docs verified by Singapore Overseas Mission then mail all the docs to CPF in Singapore for their processing 2. Present at CPF Maxwell Service Centre to submit all docs for their processing.
26 Jun - Manage to make online appointment on 10 Jul at CPF Maxwell Service Centre
10 Jul - Present at CPF Maxwell Service Centre to submit all required docs

CPF Officer informed me they need 14 weeks to process the account closure and another 2 weeks to process TT payment to my Malaysia bank account. In case of any issues they will contact me so now just sit and wait for 16 weeks (4 months).

This post has been edited by ynlowl: Jul 11 2023, 11:15 AM

oh my. 14 weeks now. the officer told me it was 6 weeks when i submit on 16 June. I have them bank in to my singapore acc.

arent you worry with money TT to msia account, with LHDN watching.

if its still no news, then please email them. they will respond and check if you require to go down. its the same for my case, waited 6 weeks, email them for status, then only CPF said need to go down to singapore. wasting time only for online application.

I am not sure how interest is calculated. do we still earn dividend on the last day of withdrawal, or on the day of closing. if it takes 14 weeks to close, afraid u might lose 14 weeks of dividend. which is quite some money with yield closing 4 %

I went to LHDN to ask on this, according to the officer as long as you show proof this is your CPF money there is no issues as this is earned income already taxed in Singapore.
I also asked bank, the bank staff told me she handled many of such CPF TT when the fund come in you only need to go to bank to sign acknowledgment this is your CPF money there will be no issues.
This is what i find out and decided, make own decision ya.

according to CPF staff, after account closure is done they will calculate and pay the interest year to date before release your CPF.

wow u did a thorough job. its good news instead. I will definitely keep the email CPF send on the day that such transfer is made, as there wont be and printed document to confirm closure of account.

As for me, I chose not to TT direct as the commission rates by bank is not favourable. I am not sure which bank CPF uses to TT the money, but I checked among Remitly, Wise, UOB, CIMB and the lowest is still via CIMB ( as some of the forummer here said). so immediately I open a CIMB account. the other reason for keeping the CPF in SGD is also to wait n see how much lower ringgit can go, before I decide to remit it into EPF to earn higher dividend rate than CPF.

the commissiom/exchange rate that official bank use can dent a few thousand of sing dollar if its big amount. (enuf to buy a new iphone)

This post has been edited by ccschua: Jul 11 2023, 02:25 PM

Does that mean online submission is actually useless as you still need to choose one of the two "offline" options?

I think my case might be a bit different as I used singpass to submit so don't require a witness. Also can't use the online form for Malaysians as I don't currently live in Malaysia.

Oh that's awesome. I thought we'd be missing out on the interest since it's only paid in Dec.

yeah, it is money matter so got to be thorough to be able to make informed decision.

When CPF officer show me the form on their computer to verify all the information for me to sign off, i remember seeing it show CPF using OCBC bank for TT.

i agreed commission/exchange rate make a difference, just to share my personal experience DBS overseas remit (from Singapore DBS to Malaysia bank account) do have a good rate but i just dont want to be of a hassle manually remitting the amount back bearing in mind LHDN/BNM will look for you if the amount transferred is BIG enough to warrant their attention.

From my own experience yes, online form submission for Malaysian is useless they just revert you back to the usual process of hardcopy form mailing or physical present at CPF.

Honestly, i dont understand why they even start the online form for Malaysian??

With Singpass login your identify has been verified.

On the interest i would thought we will be losing out for 2023 interest as well but it has been verbally informed that they will pay YTD so we will just have to wait and see.

how good is DBS ? have you compared to WISE, Remitly, CIMB, etc ? all I know WISE publish all exchange rate, and shows its either lowest or 2nd lowest.

is it possible to nego the exchange rate for large amount ? will they entertain email ?

See above screenshot, top is Wise bottom is DBS.
Difference of MYR 274.23 for SGD 50,000
i also notice the rate for Wise is the same for SGD 1k or SGD 50k but for DBS rate is auto adjust for SGD 50k.



This post has been edited by ynlowl: Jul 13 2023, 10:09 AM

i thought the same. i called SG embassy next to Tan& Tan. they said need to do this otherwise, could be rejected and wait again, as i didn't intent to go to signapore.
so i booked appointment, submitted necessary documents. took less than 15 minutes.

note: My REP was expired 10 years ago.

i thought the same. i called SG embassy next to Tan& Tan. they said need to do this otherwise, could be rejected and wait again, as i didn't intent to go to signapore.
so i booked appointment, submitted necessary documents. took less than 15 minutes.

note: My REP was expired 10 years ago.

My case should be similar like yours. I left SG more than 15 years ago and was informed that it will auto revoke.

Can you share what documents to fill and submit for this process? And ths was done in Singapore embassy ?

Thank you.