When will my CPF account be closed if I am not a Singapore Citizen or Permanent Resident?
If you are not a Singapore Citizen or Permanent Resident before 1 April 2024, your CPF account will be automatically closed in April 2024 and any remaining savings will stop earning the prevailing CPF interest.
As a concession, these savings will earn interest similar to commercial bank interest rates until 31 March 2027. Subsequently, no interest will be paid. You are encouraged to transfer the remaining savings to your bank account as soon as possible.
If you renounced Singapore Citizenship or Permanent Residency from 1 April 2024, please close your CPF account and transfer your CPF savings to your bank account when your renunciation is completed, i.e. when you are no longer a Singapore Citizen or Permanent Resident.
If you do not do so, your CPF account will be automatically closed in the month following your renunciation; i.e. if you renounced your Singapore Citizenship or Permanent Residency in April 2024, your account will be closed in May 2024. Any remaining savings will stop earning the prevailing CPF interest.
As a concession, these savings will earn interest similar to commercial bank interest rates until 31 March 2027. Subsequently, no interest will be paid.
This information is sourced from CPF
Related questions
I am not a Singapore Citizen or Permanent Resident. I have recently checked my CPF account and noticed that my CPF balance is $0. Why is this so, as I have yet to withdraw my CPF monies?
How can I inform CPF Board of a change in my mailing address if I am not a Singapore Citizen (SC) /Permanent Resident (PR)?
What happens when my CPF account is closed and I have yet to transfer my CPF savings to my bank account?
Do I need to refund the transferred CPF savings if I decide to obtain Singapore Citizenship or Permanent Residency again after I have closed my account?
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