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← Central Provident Fund Act 1953

Central Provident Fund Act 1953 s 13B

Central Provident Fund Act 1953 s 13B

s 13B Voluntary contributions to Fund

13B.—(1) Without affecting section 7(4) or 8A(4), any person may voluntarily pay to the Fund contributions for the benefit of any member of the Fund (including himself or herself), subject to regulations made under section 77(1) and any terms and conditions imposed by the Board.[Act 30 of 2024 wef 15/12/2024] (2) Subject to regulations made under section 77(1), the Board must credit every voluntary contribution under subsection (1) or section 7(4) or 8A(4) into an ordinary account, a medisave account, a special account or a retirement account of the member in such manner and at such rate as the Minister may direct.[Act 30 of 2024 wef 15/12/2024] [Act 33 of 2024 wef 19/01/2025] (3) The Minister may give different directions under subsection (2) in respect of different classes of members.[Act 39 of 2021 wef 01/01/2022]

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Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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