Yes, as a personal contribution I don't see why not.TropicalExpat wrote: ↑Fri, 11 Dec 2020 3:30 pmSo if I read this thread right, if one were to leave Singapore and not get the REP renewed, they could still contribute to CPF?
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PR surrender and CPF withdrawal
Re: PR surrender and CPF withdrawal
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- malcontent
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Re: PR surrender and CPF withdrawal
Most people don’t like the idea of having their money locked up in CPF until they are closer to retirement... then they start to realize just how valuable it is to have a AAA rated government pension-like vehicle that pays above-market rates of return and is completely protected from creditors.
I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant ~ Alan Greenspan
Re: PR surrender and CPF withdrawal
To be fair you need a certain mindset to think of "protection from creditors" as being a criteria for investment vehicles....malcontent wrote: ↑Mon, 14 Dec 2020 10:12 pmMost people don’t like the idea of having their money locked up in CPF until they are closer to retirement... then they start to realize just how valuable it is to have a AAA rated government pension-like vehicle that pays above-market rates of return and is completely protected from creditors.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
- sundaymorningstaple
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Re: PR surrender and CPF withdrawal
Just ask anybody who has ever been bankrupted.......




SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
- malcontent
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Re: PR surrender and CPF withdrawal
Anyone can be hit with a lawsuit, even a frivolous one. About 10 years ago we had a taxi company sue us. The taxi driver falsely accused us of a hit and run (he wrongly gave our plate number, but it wasn’t even our car).
Over the years we have had a legal dispute with our upstairs neighbor over inter-floor leakage, a legal dispute with our renovation contractor for using shoddy materials, plus several other potential cases that haven’t materialized yet. Maybe we are just lucky?
Over the years we have had a legal dispute with our upstairs neighbor over inter-floor leakage, a legal dispute with our renovation contractor for using shoddy materials, plus several other potential cases that haven’t materialized yet. Maybe we are just lucky?
I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant ~ Alan Greenspan
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Re: PR surrender and CPF withdrawal
hi there. May I ask if you received your funds?EXPAT_SG5377 wrote: ↑Thu, 25 Apr 2019 3:47 pmJust to share....
Its been 17 days now, counted as working days. My cpf havent credited to local bank. I call cpf still in process. Though received letter other govt agency they have received my renounced my PR status. Like IRAS...
I didnt count per weeks, but hopefully it will arrive soon. 5 to 7 weeks as they says according to CPF processing time. Its been goin 4 weeks this week. Cheers.
Also what do you mean by you received letter from other govt agency? Do I need to stay in Singapore to receive those letters or can they send to an overseas address instead?
Appreciate if anyone has answers for this.
Re: PR surrender and CPF withdrawal
1. Post is over 2 years old mate!expatsocean wrote: ↑Mon, 19 Apr 2021 2:03 amhi there. May I ask if you received your funds?EXPAT_SG5377 wrote: ↑Thu, 25 Apr 2019 3:47 pmJust to share....
Its been 17 days now, counted as working days. My cpf havent credited to local bank. I call cpf still in process. Though received letter other govt agency they have received my renounced my PR status. Like IRAS...
I didnt count per weeks, but hopefully it will arrive soon. 5 to 7 weeks as they says according to CPF processing time. Its been goin 4 weeks this week. Cheers.
Also what do you mean by you received letter from other govt agency? Do I need to stay in Singapore to receive those letters or can they send to an overseas address instead?
Appreciate if anyone has answers for this.
2. Yes CPF will post oversea but you can use Singpass also to communicate. You need to update ICA with your current address.
3. Don't withdraw your CPF. You'll just waste it or lose it (statistically most people do). Keep it safe in Singapore and consider it part of your long term investment strategy. Move all the OA into the SA account for extra interest.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
Re: PR surrender and CPF withdrawal
Found it is more appropriate to post my question here. I recently started the process for my SG citizenship renunciation by post as I am living overseas. Was informed the procedure will take at least 12 weeks. After that I plan to do CPF withdrawal but I have a few dumb questions I have asked around to govt agencies so far not being answered. Hence I am posting here...
1) CPF withdrawal process by mail said I need a certify copy of NRIC and SG passport which I have returned to ICA as part of my renunciation pack... called oversea mission and the lady said just to explain to CPF or to provide a certified copy of the ICA approval letter upon my renunciation. I do keep scan copy of my NRIC and SG passport just I won't be able to show the original ones and obtain a certified copy... 2) CPF confirmed to me that once renunciation approved, I will lose my SINGPASS hence can no longer view my account online, but I can still email them requesting for hard copies to be sent to oversea address.. and also contacted OCBC bank was told have to update my foreign PP. however the CPF withdrawal form said if I have local bank maintained under NRIC I don't need to authenticate bank account....
So my question is how should I handle it from overseas? Appreciate if anyone could share experience who had done the procedure remotely from overseas? I just found the CPF withdrawal form/ procedure is pretty disconnected to the real world post renunciation... seems it does not take into account that we would not have any NRIC nor SG PP nor SINGPASS post it...
1) CPF withdrawal process by mail said I need a certify copy of NRIC and SG passport which I have returned to ICA as part of my renunciation pack... called oversea mission and the lady said just to explain to CPF or to provide a certified copy of the ICA approval letter upon my renunciation. I do keep scan copy of my NRIC and SG passport just I won't be able to show the original ones and obtain a certified copy... 2) CPF confirmed to me that once renunciation approved, I will lose my SINGPASS hence can no longer view my account online, but I can still email them requesting for hard copies to be sent to oversea address.. and also contacted OCBC bank was told have to update my foreign PP. however the CPF withdrawal form said if I have local bank maintained under NRIC I don't need to authenticate bank account....
So my question is how should I handle it from overseas? Appreciate if anyone could share experience who had done the procedure remotely from overseas? I just found the CPF withdrawal form/ procedure is pretty disconnected to the real world post renunciation... seems it does not take into account that we would not have any NRIC nor SG PP nor SINGPASS post it...
Re: PR surrender and CPF withdrawal
Yeah this is why traditionally people do it in person.
I'm willing to bet a steak dinner that in 5 years you'll have lost most of your CPF anyways.
I'm willing to bet a steak dinner that in 5 years you'll have lost most of your CPF anyways.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
- malcontent
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- Location: Pulau Ujong
Re: PR surrender and CPF withdrawal
It is amazing how any major windfall can seemly evaporate quickly.
You really have to a great deal of discipline and resolve to preserve and grow it.
And therein lies the question, why would anyone withdraw their CPF, especially in this current low rate environment. You are not going to find a higher risk adjusted return.
You really have to a great deal of discipline and resolve to preserve and grow it.
And therein lies the question, why would anyone withdraw their CPF, especially in this current low rate environment. You are not going to find a higher risk adjusted return.
I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant ~ Alan Greenspan
- singaporeflyer
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Re: PR surrender and CPF withdrawal
As of what I know, CPF just needs a verified and authenticated proof that the bank account the bank account that they are settling in SG that you claim it to be is yours. So, later update your passport details with OCBC and ask CPF if you show the account statement (certified original) with your name is that good enough.Baobaotou wrote: ↑Fri, 30 Apr 2021 5:47 amFound it is more appropriate to post my question here. I recently started the process for my SG citizenship renunciation by post as I am living overseas. Was informed the procedure will take at least 12 weeks. After that I plan to do CPF withdrawal but I have a few dumb questions I have asked around to govt agencies so far not being answered. Hence I am posting here...
1) CPF withdrawal process by mail said I need a certify copy of NRIC and SG passport which I have returned to ICA as part of my renunciation pack... called oversea mission and the lady said just to explain to CPF or to provide a certified copy of the ICA approval letter upon my renunciation. I do keep scan copy of my NRIC and SG passport just I won't be able to show the original ones and obtain a certified copy... 2) CPF confirmed to me that once renunciation approved, I will lose my SINGPASS hence can no longer view my account online, but I can still email them requesting for hard copies to be sent to oversea address.. and also contacted OCBC bank was told have to update my foreign PP. however the CPF withdrawal form said if I have local bank maintained under NRIC I don't need to authenticate bank account....
So my question is how should I handle it from overseas? Appreciate if anyone could share experience who had done the procedure remotely from overseas? I just found the CPF withdrawal form/ procedure is pretty disconnected to the real world post renunciation... seems it does not take into account that we would not have any NRIC nor SG PP nor SINGPASS post it...
I remember seeing a option where you can ask for a cheque to be sent to you and you take care of the deposit and encashing part as an alternative. You may check this with CPF board also
They are usually very helpful.
Re: PR surrender and CPF withdrawal
Thank you! Ya I agree, most govt ppl I am dealing with are super nice! I guess I just need to be patient and do one after another...singaporeflyer wrote: ↑Fri, 30 Apr 2021 10:39 amAs of what I know, CPF just needs a verified and authenticated proof that the bank account the bank account that they are settling in SG that you claim it to be is yours. So, later update your passport details with OCBC and ask CPF if you show the account statement (certified original) with your name is that good enough.Baobaotou wrote: ↑Fri, 30 Apr 2021 5:47 amFound it is more appropriate to post my question here. I recently started the process for my SG citizenship renunciation by post as I am living overseas. Was informed the procedure will take at least 12 weeks. After that I plan to do CPF withdrawal but I have a few dumb questions I have asked around to govt agencies so far not being answered. Hence I am posting here...
1) CPF withdrawal process by mail said I need a certify copy of NRIC and SG passport which I have returned to ICA as part of my renunciation pack... called oversea mission and the lady said just to explain to CPF or to provide a certified copy of the ICA approval letter upon my renunciation. I do keep scan copy of my NRIC and SG passport just I won't be able to show the original ones and obtain a certified copy... 2) CPF confirmed to me that once renunciation approved, I will lose my SINGPASS hence can no longer view my account online, but I can still email them requesting for hard copies to be sent to oversea address.. and also contacted OCBC bank was told have to update my foreign PP. however the CPF withdrawal form said if I have local bank maintained under NRIC I don't need to authenticate bank account....
So my question is how should I handle it from overseas? Appreciate if anyone could share experience who had done the procedure remotely from overseas? I just found the CPF withdrawal form/ procedure is pretty disconnected to the real world post renunciation... seems it does not take into account that we would not have any NRIC nor SG PP nor SINGPASS post it...
I remember seeing a option where you can ask for a cheque to be sent to you and you take care of the deposit and encashing part as an alternative. You may check this with CPF board also
They are usually very helpful.
Re: PR surrender and CPF withdrawal
Agreed Mal. I just received a massive payout from my employer - first thing I did was top up CPF to the max VC (as I doubt I'll have another CPF paying job this year) and I plan to top up SRS the same later this year. The rest I've got in a long term account. It takes real discipline though.malcontent wrote: ↑Fri, 30 Apr 2021 9:48 amIt is amazing how any major windfall can seemly evaporate quickly.
You really have to a great deal of discipline and resolve to preserve and grow it.
And therein lies the question, why would anyone withdraw their CPF, especially in this current low rate environment. You are not going to find a higher risk adjusted return.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
Re: PR surrender and CPF withdrawal
Adding to this Mal - I looked at the account I put my big payout in today and was reminded of my lesson learned a few decades ago when my sister and I both received an insurance payout for my father's untimely death. She spent hers in about 6 months and I locked mine into a fixed deposit that paid (at the time ) well over 10%. That money today is the foundation of my wealth (small as it is).
I guess I've learned to put large sums into places I can't get at quickly or without some thought and I need to do that with the current sum.
I guess I've learned to put large sums into places I can't get at quickly or without some thought and I need to do that with the current sum.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
Re: PR surrender and CPF withdrawal
I submitted renunciation in Oct 2020 and approval was received via embassy in March 2021 (though letter was dated Feb), total processing time was 5 months. Embassy says 5 months is the norm!
For CPF withdrawal, supporting docs only requires a copy of old passport, current passport and ica letter. They say processing time via bank transfer to SG banks is 5 to 7 weeks, it's been 5 weeks and I haven't received.
You may need to make a trip back to change your identity at the bank since you do not have IC anymore (it needs to be changed to your new passport number). I do not use singpass to view CPF statements, I downloaded an app called Singpass which have all the govt agencies and uses password not singpass.
Hope this helps!
For CPF withdrawal, supporting docs only requires a copy of old passport, current passport and ica letter. They say processing time via bank transfer to SG banks is 5 to 7 weeks, it's been 5 weeks and I haven't received.
You may need to make a trip back to change your identity at the bank since you do not have IC anymore (it needs to be changed to your new passport number). I do not use singpass to view CPF statements, I downloaded an app called Singpass which have all the govt agencies and uses password not singpass.
Hope this helps!
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