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by malcontent » Tue, 03 Aug 2021 10:00 pm
Most countries treat CPF like any other bank account… money was deposited as earned and interest is accrued (presumably while you were a Singapore tax resident), so when the time comes to withdraw it, it’s like taking money out of any other bank account. Therefore, once you become a tax resident of another country, you can withdraw the money. The only interest that is taxable in the new jurisdiction is that which accrues in the account after the tax residency has been established.
That is all generally speaking. There are always going to be exceptions, depending on the country involved. For example, if your CPF is converted to a CPF LIFE annuity between age 65-70 after becoming US tax resident - there is a special US tax rule on annuities where if they are purchased with previously untaxed dollars in a foreign country while working there as a nonresident alien prior to becoming a US tax resident, then the entire annuity payment is US taxable to the annuitant.
The only way to get complete and accurate advice for your particular tax circumstances is to contact a CPA in the country of tax residence, not on a forum like this.
Every great and deep difficulty bears in itself its own solution. It forces us to change our thinking in order to find it - Niels Bohr