Singapore has a Central Provident Fund (CPF) scheme, which is a comprehensive social security savings plan. Contributions to the CPF are made by both employees and employers, and the funds can be withdrawn for various purposes, including retirement.

The tax implications of CPF withdrawals in Singapore may vary depending on several factors, including the age of the account holder and the purpose of the withdrawal. Here are some general guidelines to consider:

1. Ordinary Account (OA) withdrawals: The OA is one of the three accounts within the CPF. If you withdraw funds from the OA for purposes other than specific housing-related purposes or education, the withdrawal is generally not taxable.
2. Special Account (SA) and MediSave Account (MA) withdrawals: Withdrawals from the SA and MA are typically not subject to income tax as they are meant for retirement and medical purposes, respectively.
3. Retirement withdrawals: When you reach the retirement age (currently set at 55 years old), you can withdraw a portion of your CPF savings as a lump sum or set up a CPF Life annuity plan to receive monthly payouts. The lump sum withdrawal is not taxable. However, if you choose to receive monthly payouts through CPF Life, only a small portion of the payout is taxable.