SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
CPF Withdrawal for Malaysian (Need Advice!)
-
- Newbie
- Posts: 1
- Joined: Thu, 11 Jul 2019 10:13 pm
CPF Withdrawal for Malaysian (Need Advice!)
Hi there, need some advice on CPF withdrawal.
I am a Singapore PR from Malaysia who has been working here for 10+ years. However, I have decided to move to China with my Chinese girlfriend and pursue a career there.
However, from my research, China PR or citizenship isn't easy to obtain and the best I can probably get in the short term is a work permit.
Here are some of my questions:
1) What kind of permanent address does ICA required for me to be able to apply for the CPF withdrawal if I already migrated to another country that isn't my home country, does a work permit with rental house address enough to be considered?
2) I'm still a Malaysian and my M'sia IC is indicating my west M'sia address, however, I do not own the property as it is my parent house. Will that causes an issue to ICA thinking I still want to move back to M'sia? I still plan to visit my parents when needed though.
3) If I were to receive my CPF transferred to my SG bank account, can I still transfer some money to my parent account in West M'sia to help with their living costs, etc.? Does that violate any CPF withdrawal rules?
Appreciate if anyone could advice me on this. Thank you in advance!
I am a Singapore PR from Malaysia who has been working here for 10+ years. However, I have decided to move to China with my Chinese girlfriend and pursue a career there.
However, from my research, China PR or citizenship isn't easy to obtain and the best I can probably get in the short term is a work permit.
Here are some of my questions:
1) What kind of permanent address does ICA required for me to be able to apply for the CPF withdrawal if I already migrated to another country that isn't my home country, does a work permit with rental house address enough to be considered?
2) I'm still a Malaysian and my M'sia IC is indicating my west M'sia address, however, I do not own the property as it is my parent house. Will that causes an issue to ICA thinking I still want to move back to M'sia? I still plan to visit my parents when needed though.
3) If I were to receive my CPF transferred to my SG bank account, can I still transfer some money to my parent account in West M'sia to help with their living costs, etc.? Does that violate any CPF withdrawal rules?
Appreciate if anyone could advice me on this. Thank you in advance!
- sundaymorningstaple
- Moderator
- Posts: 39768
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
Re: CPF Withdrawal for Malaysian (Need Advice!)
1) Work permit no good. You have to have at least permanent residence. That may not be enough either, but I cannot say for sure. A call to the CPF board who give you a quick answer though.
2) Unless you have permanent residence elsewhere I'm afraid you are stuck.
3) If you are allowed to transfer your CPF to your personal bank account, you can then do whatever you want with the money. CPF no longer has any control over it.
2) Unless you have permanent residence elsewhere I'm afraid you are stuck.
3) If you are allowed to transfer your CPF to your personal bank account, you can then do whatever you want with the money. CPF no longer has any control over it.
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
Re: CPF Withdrawal for Malaysian (Need Advice!)
I sort of having the same situation, however, I am originated from west Malaysia but following my boyfriend from Sabah back to east Malaysia.
Once I settled in Sabah (East Malaysia), would I be able to withdraw my CPF fully in that case? What kind of documentation would ICA require in that case? Simply my Malaysia IC with east Msia address? Or do I really need to own a property in east Msia?
This whole East Malaysia can withdraw but West Malaysia can't is so confusing.
Once I settled in Sabah (East Malaysia), would I be able to withdraw my CPF fully in that case? What kind of documentation would ICA require in that case? Simply my Malaysia IC with east Msia address? Or do I really need to own a property in east Msia?
This whole East Malaysia can withdraw but West Malaysia can't is so confusing.
Re: CPF Withdrawal for Malaysian (Need Advice!)
The answer varies with age as well but this is good advice:
https://www.theonlinecitizen.com/2019/0 ... -malaysia/
https://www.theonlinecitizen.com/2019/0 ... -malaysia/
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: CPF Withdrawal for Malaysian (Need Advice!)
Thank you for your reply.
However what constitutes as 'staying' or 'settle in' in West Malaysia?
I am originated from West Malaysia but don't plan to stay permanently or buy a property in West Malaysia, just that my IC and address probably still state that I am from West Malaysia.
Do I have to give up my Malaysia citizenship totally? But I still want to reside in Sabah (East Malaysia).
The 20% really took a large chunk out of my salary in the past years and I need the CPF to help me set up a family and future life at Sabah.
However what constitutes as 'staying' or 'settle in' in West Malaysia?
I am originated from West Malaysia but don't plan to stay permanently or buy a property in West Malaysia, just that my IC and address probably still state that I am from West Malaysia.
Do I have to give up my Malaysia citizenship totally? But I still want to reside in Sabah (East Malaysia).
The 20% really took a large chunk out of my salary in the past years and I need the CPF to help me set up a family and future life at Sabah.
-
- Member
- Posts: 25
- Joined: Mon, 11 Jun 2018 5:41 pm
Re: CPF Withdrawal for Malaysian (Need Advice!)
As far as I know, if you are from West Malaysia, you can't withdraw your CPF until you reach the retirement age. Only people from East Malaysia can withdraw full CPF at any given time.
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
Re: CPF Withdrawal for Malaysian (Need Advice!)
I imagine your MYKAD address would be sufficient to prove you reside in East Malaysia.
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: CPF Withdrawal for Malaysian (Need Advice!)
I reckon that even you got ur mykad address changed you are still a west malaysian as the middle digits indicated on the back of ur ic.nilee wrote: ↑Fri, 12 Jul 2019 9:57 amThank you for your reply.
However what constitutes as 'staying' or 'settle in' in West Malaysia?
I am originated from West Malaysia but don't plan to stay permanently or buy a property in West Malaysia, just that my IC and address probably still state that I am from West Malaysia.
Do I have to give up my Malaysia citizenship totally? But I still want to reside in Sabah (East Malaysia).
The 20% really took a large chunk out of my salary in the past years and I need the CPF to help me set up a family and future life at Sabah.
YYMMDD-12-#### - sabahan
YYMMDD-13-#### - sarawakian
- PickN'Learn'
- Newbie
- Posts: 4
- Joined: Thu, 20 Aug 2020 12:26 pm
Re: CPF Withdrawal for Malaysian (Need Advice!)
Does the West Malaysia rule apply for foreign national residing in KL
-
- Similar Topics
- Replies
- Views
- Last post
-
-
PR Renunciation and CPF Withdrawal
by whacka » Tue, 06 Aug 2019 5:07 pm » in PR, Citizenship, Passes & Visas for Foreigners - 2 Replies
- 2811 Views
-
Last post by Mad Scientist
Mon, 12 Aug 2019 12:27 pm
-
-
- 8 Replies
- 8249 Views
-
Last post by expatsocean
Mon, 19 Apr 2021 2:09 am
-
- 1 Replies
- 3510 Views
-
Last post by sundaymorningstaple
Tue, 15 Dec 2020 12:34 pm
-
-
EPASS withdrawal & resubmission
by ireney28 » Mon, 01 Mar 2021 4:27 pm » in PR, Citizenship, Passes & Visas for Foreigners - 6 Replies
- 1129 Views
-
Last post by sundaymorningstaple
Mon, 22 Mar 2021 7:02 pm
-
-
-
Calculation CPF for New PR
by babymilo_007 » Wed, 28 Mar 2018 3:42 pm » in PR, Citizenship, Passes & Visas for Foreigners - 3 Replies
- 7350 Views
-
Last post by sundaymorningstaple
Thu, 29 Mar 2018 4:01 pm
-
Who is online
Users browsing this forum: No registered users and 24 guests