Should I do a transfer or charging order for my CPF savings?

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Accepted Answer

The choice between a transfer order and a charging order depends on your specific circumstances and intentions.

Transfer Order (i.e. transfer from your CPF account to your ex-spouse’s CPF account) – only applicable for ex-spouse who is a Singapore Citizen or Permanent Resident

This allows your ex-spouse immediate access to their entitlement of your CPF monies.

The transfer can be from any of your CPF accounts*.

Charging Order (i.e. impose a charge on your CPF savings to make payment to your ex-spouse in cash)

Payment can only be made to your ex-spouse when you become eligible to withdraw your CPF savings, typically when you turn 55.

Whether you need to set aside your Full Retirement Sum before payment and what CPF Account monies* can be paid, depends on your ex-spouse’s residency status (Singapore Citizen, Permanent Resident, or foreigner).

You may refer to more information relating to transfer and charging orders.

*On 19 January 2025, if you are aged 55 and above, your Special Account is now closed. If you turn age 55 after 19 January 2025, your Special Account will be closed on your 55th birthday. Once closed, it will not be possible to transfer or pay your Special Account savings to your ex-spouse.

Should I do a transfer or charging order for my CPF savings?

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