Browsing Tag
Central Provident Fund
5 posts
Automatic Closure of CPF Accounts held by members who are not Singaporeans or Permanent Residents from 2024
CPF accounts of non-Singaporeans or permanent residents will be automatically closed from 1 April 2024, according to the Central Provident Fund Board. This move is to ensure that the CPF system focuses on meeting the retirement, housing, and healthcare needs of Singapore Citizens and Permanent Residents. Non-SC/PR members are advised to transfer their savings to their bank accounts before the deadline.