Singapore Expats

will cpf a/c close automaticaly if my pr status expired?

Moving to Singapore? Ask our regular expats in Singapore questions on relocation and their experience here. Ask about banking, employment pass, insurance, visa, work permit, citizenship or immigration issues.
Post Reply
fatchai
Newbie
Newbie
Posts: 1
Joined: Tue, 15 Jun 2004 9:23 am

will cpf a/c close automaticaly if my pr status expired?

Post by fatchai » Thu, 30 Oct 2008 1:54 pm

hi :
as subject. will cpf a/c close automatically if my pr status expired?
my frd left sg for quit some time and her pr had already expired. will she still able to withdraw her money from her cpf a/c?

the reason why she wants to keep her cpf a/c becox she may want to reapply reapply pr again and go back to live and work in sg one day.

anyone has similar experience?

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 40453
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 21
Location: Retired on the Little Red Dot

Post by sundaymorningstaple » Thu, 30 Oct 2008 5:58 pm

Quite a few leave it there as they can withdraw it at any time after giving up their PR. But the sensible thing would be to leave it there and risk on risk and paying 2.6 to 4% plus an additional 1% on the first 60K there, I doubt if you will find anything that attractive anywhere else (risk on risk).

Best mate worked here some 12 years ago when EP holder still were required to contribute to CPF and he left it there all these years. He's back as of last year and now has his PR as well. It's done all the time, especially if you think there's a possibility of returning sometime in the future.
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

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Relocating, Moving to Singapore”

Who is online

Users browsing this forum: No registered users and 21 guests