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Retiring PR

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
mchambs
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Re: Retiring PR

Postby mchambs » Thu, 31 Aug 2017 7:49 pm

Dear all,
After going through CPF website, I managed to find out tht you are allowed to continue with CPF Life even if you have withdraw the rest of your CPF money and go back to Malaysia.

https://www.cpf.gov.sg/Members/Schemes/ ... er-grounds

Look under - What happens to my CPF LIFE plan if I am withdrawing my CPF?

So, for now, I can still get CPF Life even if ICA won't want renew my REP when I retired. Hopefully they don't change it. Thanks guys.

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PNGMK
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Re: Retiring PR

Postby PNGMK » Fri, 01 Sep 2017 7:53 pm

mchambs wrote:Dear all,
After going through CPF website, I managed to find out tht you are allowed to continue with CPF Life even if you have withdraw the rest of your CPF money and go back to Malaysia.

https://www.cpf.gov.sg/Members/Schemes/ ... er-grounds

Look under - What happens to my CPF LIFE plan if I am withdrawing my CPF?

So, for now, I can still get CPF Life even if ICA won't want renew my REP when I retired. Hopefully they don't change it. Thanks guys.


That makes sense. You can leave money in your CPF when you cancel REP / PR so this is really no different. Plenty of Malaysians leave CPF in when they go back as it is considered a stronger currency /more secure than EPF / MYR.
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ecureilx
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Re: Retiring PR

Postby ecureilx » Fri, 01 Sep 2017 9:45 pm

PNGMK wrote:That makes sense. You can leave money in your CPF when you cancel REP / PR so this is really no different. Plenty of Malaysians leave CPF in when they go back as it is considered a stronger currency /more secure than EPF / MYR.


I know CPF don't allow partial withdrawal.

So it's all left or nothing left behind.

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PNGMK
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Re: Retiring PR

Postby PNGMK » Sun, 03 Sep 2017 8:22 pm

ecureilx wrote:
PNGMK wrote:That makes sense. You can leave money in your CPF when you cancel REP / PR so this is really no different. Plenty of Malaysians leave CPF in when they go back as it is considered a stronger currency /more secure than EPF / MYR.


I know CPF don't allow partial withdrawal.

So it's all left or nothing left behind.

They sort of do but only for stipulated things like housing and education - and even then it stops at 55.
IANAL. IANACPA. IANA Teacher.
Arrested? Lawyer Up
International School job? School website or http://www.ISS.edu
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