What happens to CPF when you renounce Singapore citizenship?

If you’re leaving or have left Singapore and West Malaysia with no intention of coming back to live or work, you should close your CPF account now and withdraw your savings in full. There are different requirements for Malaysian citizens who are leaving or have left Singapore permanently to reside in West Malaysia.

Can I withdraw my CPF if I give up my citizenship?

Someone renouncing his citizenship would be able to withdraw all his CPF cash balance to a bank account. Any CPF-linked investments will be transferred to his name, according to information from the CPF website. The CPF Board told The Business Times that members are strongly encouraged to close their accounts.

Can I withdraw my CPF if I leave Singapore?

You can also withdraw your CPF in full if you are about to leave or have left Singapore and West Malaysia permanently with no intention to either country for employment or residence.

What happens to CPF if I change citizenship?

CPF Funds: Once you renounce your citizenship or PR status and apply to withdraw your CPF savings, you will receive all your CPF funds (Ordinary Account, Special Account and MediSave) either by interbank GIRO to your Singapore bank account, or a telegraphic transfer to your overseas bank account.

What happens if I give up my Singapore citizenship?

Once your citizenship is terminated, you will be treated as a foreigner. Hence, you only have 24 hours to stay in Singapore after the date of cessation of your citizenship unless you have a permit or pass authorizing you to remain.

Can foreigners withdraw CPF?

You may apply to close your CPF account and withdraw your CPF if you are not a Singapore Citizen/Permanent Resident and are about to leave or have left Singapore and West Malaysia permanently with no intention of returning to either country for employment or residence.

Can I withdraw all my CPF?

You can make as many withdrawals as you like from your withdrawable savings. So there’s no need to take everything in one go.

How do I stop my CPF contribution?

You can login to CPF EZPay > View / Amend / Delete Submission to amend or delete your submission. You can change CPF contribution amounts for employees, delete employee, or amend other payment amounts e.g. CPF Late Payment Interest.

What happens if I renounce my Singapore citizenship?

Those who are allowed to renounce their Singapore citizenship without serving NS will face serious adverse consequences in their immediate or future applications to work, study or live in Singapore. They will not be granted Permanent Resident status or citizenship in the future.

Why is dual citizenship not allowed in Singapore?

The government argues that authorising its citizens to concurrently hold foreign nationalities would be undesirable since, due to Singapore’s geopolitical position, it cannot afford to allow its citizens multiple allegiances which may be compromised in times of national crisis.

Can you get your citizenship back after renouncing?

Renunciation is irreversible. The only exception to getting back U.S. citizenship is if you renounced before age 18. Then you can claim before the Department of State that you want U.S. citizenship again, but you must do so within six months of turning 18.

Can I keep my bank account if I leave Singapore?

Yes, you can keep your bank account if you leave Singapore and no longer are a resident of Singapore. Do update your personal details and contact information via the DBS or POSB ibanking portal, digibank, or visit a DBS or POSB branch near you in person.