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Can I transfer my discounted Singtel shares when I reach 55 years old?

Updated by CPF
You are required to set aside the Full Retirement Sum (FRS) in your Retirement Account (RA), before you can transfer your discounted Singtel shares. The FRS can be set aside fully with cash, or with cash (i.e. at least the Basic Retirement Sum) and property.
 
Have you met your CPF withdrawal conditions?
 
Yes
Log in to my cpf Online Services with your Singpass > Select my cpf > My dashboards > Investment, look under “Discounted Singtel Shares” section and click on “Withdraw your shares”.
 
We will process your application within 15 working days once we receive your application.
 
After your discounted Singtel shares have been transferred to your Central Depository Pte Ltd (CDP) securities account, they will no longer be protected from any claims by your creditors and/or the Official Assignee.
 
No
You can only transfer your discounted Singtel shares if you have set aside the Full Retirement Sum (FRS) in your Retirement Account at age 55. However, you can sell your discounted Singtel shares, in which the sale proceeds will be credited into your CPF Ordinary Account.
 
To sell, please log in to my cpf Online Services with your Singpass > Select my cpf > My dashboards > Investment, look under “Discounted Singtel Shares” section and click on “Sell your shares”.
 
 

This information is sourced from CPF.

Topics:

Growing Your SavingsCPF Investment Schemes

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