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It also includes Lifelong Income Fund payment order guidance and special rules affecting the Special Account and refund allocation.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & 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does Clause 2A cover for CPF transfers?","Question",{"text":63,"@type":64},"Clause 2A sets out how the Central Provident Fund Board transfers specified amounts from the Member’s CPF accounts to the Spouse’s CPF accounts, using the selected spouse clause applicable to the Spouse as a Singapore citizen or permanent resident.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"How does Clause 2B work when there is a refund after the sale or transfer of the matrimonial home?",{"text":68,"@type":64},"After the required CPF refund is credited to the Member’s CPF accounts for the matrimonial home, the Board transfers the specified amounts from the Member’s CPF accounts to the Spouse’s CPF accounts.",{"name":70,"@type":61,"acceptedAnswer":71},"Are investment sales under the CPF Investment Scheme the Board’s responsibility?",{"text":72,"@type":64},"No. Under Clause 2B(3), the Member is ordered to sell or liquidate the investments, and the Board’s transfer under Clause 2B(4) follows after notification of the investment refunds.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},320463,1790493525,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,106,111,115,120,123,127],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & 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AND ABOVE WILL BE CLOSED FROM THE 2ND HALF OF JANUARY 2025]  \nApplicable only for a Spouse (see definition below) who is a citizen or permanent resident of  \nSingapore  \nSUGGESTED CLAUSES IN ORDER OF COURT FOR:  \n(A) TRANSFER OF MONIES IN CPF ACCOUNTS  \n(B) SUBSEQUENT ORDER FOR TRANSFER OF MONIES IN CPF ACCOUNTS IN EVENT OF SHORTFALL  \n(C) TRANSFER OF PROPERTY  \n(D) SALE OF PROPERTY  \n(E) TRANSFER OR SALE OF INVESTMENTS UNDER CPF INVESTMENT SCHEME  \n(F) PAYMENT OF MONIES FROM LIFELONG INCOME FUND+  \n(A) ORDERS RELATING TO TRANSFER OF MONIES IN CPF ACCOUNT(S)1  \n12. The Plaintiff/Defendant* (hereinafter referred to as the “Spouse”) shall be entitled to $[] of the Defendant/Plaintiff’s* (hereinafter referred to as the “Member”) Central Provident Fund (“CPF”) monies pursuant to [section 112 of the Women’s Charter 1961 / section 52(3)(d) of the Administration of Muslim Law Act 1966*] (the “Ordered Amount”) .  \n(Select clause 2A OR 2B where applicable)  \n+ Suggested orders relating to the payment of monies from the Lifelong Income Fund are set out in the Annex. These orders are relevant where the Member has joined the Lifelong Income Scheme. The commencement and amount of monthly income under the Lifelong Income Scheme depend on the annuity plan that the Member is covered under. Monthly income will generally cease upon the Member's death and there may not be any refund depending on the annuity plan applicable to the Member. Please see the Annex for details. In view of the uncertainty of the Member's entitlement under the Lifelong Income Scheme, parties may consider these suggested orders only as a last resort where there are no other available matrimonial assets for division.  \n* Please select one option and delete the other.  \n1 Please refer to footnote 33 on loans or grants repayable to the Government before transfer of monies can be effected.  \n2 This Clause should be included for all transfer orders together with the relevant optional Clause 2A or 2B.  \nTransfer Of Monies In CPF Account(s)3  \n2A4 The Central Provident Fund Board (“Board”) shall, from the monies standing to the credit of the Member in the following CPF account(s), transfer the amount(s) specified as follows to the Spouse’s CPF account(s):  \n\n| Member’s CPF account(s) to transfer from | Amount to transfer |\n| --- | --- |\n| Ordinary Account | $[ ] |\n| Special Account5 | $[ ] |\n| Medisave Account | $[ ] |\n| Retirement Account | $[ ] |\n\nTransfer Of Monies In CPF Account(s) After Refund6  \n2B(1) Upon notification of the making of the required CPF refund into the Member's CPF account(s) in respect of the matrimonial home at (state address) [by (state party) / from the sale proceeds ofthe matrimonial home at (state address)*], the Board shall transfer, from the monies standing to the credit of the Member in the following CPF account(s), the amount(s) specified as follows to the Spouse’s CPF account(s):  \n\n| Member’s CPF account(s) to transfer from7 | Amount to transfer |\n| --- | --- |\n\n3 The headings in this document are for reference only.  \n4 Clause 2A applies in relation to transfers of monies from Member’s CPF account(s) to Spouse’s CPF account(s) where Spouse is a citizen or permanent resident (“PR”) of Singapore.  \n5 The CPF Special Account (“SA”) is only applicable to CPF members below the age of 55. If the court order directs the Board to transfer monies from the SA, the Board will not be able to effect the transfer if the SA has already been closed (generally when the Member turns 55) .  \n6 Clause 2B applies in relation to transfers of monies from Member’s CPF account(s) to Spouse’s CPF account(s) after the refund of monies to Member’s CPF account(s) where Spouse is a citizen or PR of Singapore.  \n7 (a) Except in the situation set out in (b) below, all refunds will be credited to the Ordinary Account (“OA”) and/or Special Account5 (“SA”) . For members aged 55 and","cbCaijWMottvEenS","https://ap.wps.com/l/cbCaijWMottvEenS","pdf",285888,14,"English","# Suggested Clauses in Order of Court\n## Transfer of Monies in CPF Account(s)\n## Transfer of Monies After Refund\n## Orders Relating to the Payment of Monies from the Lifelong Income Fund (Annex)\n## Related Notes and Footnotes","[{\"question\":\"What does Clause 2A cover for CPF transfers?\",\"answer\":\"Clause 2A sets out how the Central Provident Fund Board transfers specified amounts from the Member’s CPF accounts to the Spouse’s CPF accounts, using the selected spouse clause applicable to the Spouse as a Singapore citizen or permanent resident.\"},{\"question\":\"How does Clause 2B work when there is a refund after the sale or transfer of the matrimonial home?\",\"answer\":\"After the required CPF refund is credited to the Member’s CPF accounts for the matrimonial home, the Board transfers the specified amounts from the Member’s CPF accounts to the Spouse’s CPF accounts.\"},{\"question\":\"Are investment sales under the CPF Investment Scheme the Board’s responsibility?\",\"answer\":\"No. Under Clause 2B(3), the Member is ordered to sell or liquidate the investments, and the Board’s transfer under Clause 2B(4) follows after notification of the investment refunds.\"}]","CPFB Suggested Clauses in Order of Court for Transfer of Monies in CPF Accounts - December 2024 | PDF",1789949981,35]