Application to Withdraw Singtel SDS Sale Proceeds from CPF Ordinary Account

Withdraw Singtel SDS sale proceeds from CPF Ordinary Account

This form is strictly for withdrawal requests for members whose Singtel SDS sale proceeds were credited to CPF Ordinary Account on or after 1 January 2025.

Upon completion of the form, you will receive an acknowledgement email. If your application is successful, the sale proceeds will be credited to your registered bank account with CPF Board or your bank account linked to PayNow-NRIC within the next 7-14 working days.

  1. If you have outstanding tax or premium obligations in arrears with IRAS, please make arrangements with IRAS to settle them before submitting this form. Applications submitted with outstanding obligations will be rejected.
  2. Please note that the submission of this form is irrevocable and cannot be amended once submitted.

Important notes

  • All fields are mandatory unless otherwise indicated. 
  • For your application to be successfully processed, you must meet all the following criteria:
    1. The date where your Singtel SDS sale proceeds were credited to your CPF Ordinary Account (OA) must be on or after 1 January 2025.
    2. You have sufficient funds in your CPF Ordinary Account.
  • You may wish to check your CPF Account Balance and your CPF Yearly Statement of Account to find out if you meet the criteria.
  • Partial withdrawals are allowed, but you can only submit one withdrawal application (e.g. if your sale proceeds were $4,000 but your CPF Ordinary Account balance is only $2,000, you may only withdraw $2,000. Even if you receive future contributions, you will not be allowed to submit another withdrawal application).

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