Back to home

What rules and responsibilities apply to my ex-spouse when my CPF investments are transferred to them as part of our divorce settlement?

Updated by CPF
When your CPF investments are transferred to your ex-spouse, the following rules and responsibilities apply:
 
  1. CPF Investment Scheme Rules: The transferred investments will be subject to the CPF Investment Scheme regulations. For example:
    1. Adherence to stock and gold limits
    2. Types of investments allowed using CPF savings
           These rules are in place to safeguard your ex-spouse's retirement adequacy.
 
  1. Sale Proceeds: If your ex-spouse sells the transferred investments, the proceeds will be credited to their respective CPF accounts. These funds will be subject to CPF rules and can only be withdrawn when your ex-spouse meets the withdrawal conditions under Sections 15 or 27 of the CPF Act.
  1. Bank Charges: Your ex-spouse will be responsible for paying any bank charges associated with the investments they continue to hold in their CPFIS-OA Investment Account. These charges can be paid using their Ordinary Account savings.
It is important for both parties to understand these implications to ensure proper management of the transferred investments and compliance with CPF rules.

This information is sourced from CPF.

Topics:

Other SchemesDivision of CPF-related assets in a divorce

Related questions

Under a transfer order, do I need to set aside my retirement sum before my ex-spouse can receive their entitlement?

cpf

Can I specify the CPF account in which my ex-spouse is to receive the CPF savings under a transfer order?

cpf

Why do I have to effect the transfer or sale of investments under the division of CPF savings in a divorce? What happens if I do not come forward to effect the transfer or sale of investments?

cpf

Can the cash balance in my Investment Account be transferred under the division of CPF savings in a divorce?

cpf

Need more help?

Describe your issues to us.

Contact us