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Can I specify the CPF account in which my ex-spouse is to receive the CPF savings under a transfer order?
For the court order to be workable, it must specify which of your CPF account(s) the transfer of CPF savings are to be made from. There is no need to specify which CPF account(s) your ex-spouse is to receive the monies in. This is because the transfers will be done in accordance with Regulation 3 of the Central Provident Fund (Division of Fund-Related Assets in Matrimonial Proceedings) Regulations which specifies the CPF accounts of the receiving party.
Please refer to the table below for more details:
|
From member's CPF account |
To ex-spouse's CPF account |
|
Ordinary Account |
Ordinary Account |
|
Special/Retirement Account |
Special Account (if below age 55) |
|
MediSave Account |
MediSave Account |
* Any amount in excess of the Full Retirement Sum that your ex-spouse needs to set aside in their CPF Retirement Account, will be transferred to their Ordinary Account.
This information is sourced from CPF.
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