Post #1987

Do you hold any Singtel Special Discounted Shares (SDS) bought with CPF savings in 1993 or 1996? The SDS scheme was introduced by the Government back then to encourage share ownership among Singaporeans, with CPF Board appointed as trustee to facilitate share purchases. With Singaporeans more familiar now with share ownership, the SDS scheme has met its intent, and the legacy trustee arrangement through CPF Board is no longer needed. Singtel Group has initiated a transfer of Singtel SDS from CPF Board to The Central Depository (CDP) accounts of SDS holders, so that SDS holders can hold and manage their Singtel shares directly. The transfer is planned for 21 Nov 2026, subject to the passing of the CPF (Amendment) Bill. From 8 Apr 2026, CPF withdrawal conditions will also be waived for Singtel SDS sale proceeds, to allow SDS holders to realise their capital gains of the shareholdings over the years in cash. Learn more 👉cpf.gov.sg/CPFSDSschemeTG On-the-go CPF tips for your daily scroll 📲 Subscribe to @CPFBoard on Telegram to stay in the know.