Singapore's Central Provident Fund (CPF)

Hi, is Singapore's Central Provident Fund (CPF) considered as saving or pension in UK because there is no specific topic about this

Hi,
This would be considered as Savings.  
Thank you.

Hi, The amount contributed to the cpf accounts were before I become tax resident in UK. But I no longer contribute to the cpf since I became UK tax resident. At age 55, I am allowed to withdraw a lump sum amount from one of my cpf account. Do I need to pay UK tax for the lump sum amount since this is classified as Savings and not pension ? Thank you

Hi,
As you state this is interest, please refer to Article 11 of the tax treaty to check:
2010 Hong Kong-UK DTA
Thank you.

So, there is no tax for the lump sum withdrawal but tax for the interest? The article 11 is Hong Kong-UK DTA, is this applied to Singapore as well? Thank you

Hi ,
 

The UK / Hong Kong tax treaty only applies to Hong Kong.  There is a separate tax treaty for Singapore, which you can view at : Singapore: tax treaties  . Thank you .

Hi, From the conversation, Singapore’s Central Provident Fund (CPF) is considered as saving so, there is no tax on lump sum withdrawals but I need to follow Singapore: tax treaties for interests tax on saving interest, am I accurate for the above statements? Thank you

Hi ,
 

Please refer to :  DT16903 - Singapore: Treaty summary .

Thank you .

Thank you for referring me to DT16903 but could you please answer me whether my statement below is accurate? “ From the conversation, Singapore’s Central Provident Fund (CPF) is considered as saving so, there is no tax on lump sum withdrawals but I need to follow Singapore: tax treaties for interests tax on saving interest”

Hi,
We cannot comment on specific examples on this forum and can only direct you to guidance to make an informed decision.
Thank you.