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.