Cash out to CPF – General Terms & Conditions


Version 1.0:   8 December 2023

  1. Interpretation
    1. In these LytePay Cash out to CPF Program Terms and Conditions (hereinafter “Terms” or “Terms and Conditions”), unless the context otherwise requires, the following expressions shall have the following meanings:-
Advance : means the request by a Registered User for the advance of a portion of, or the entire amount of, their LyteMoney;
Application : means the application,;
Business Day : means any day (other than a Saturday, Sunday or gazetted public holiday) on which banks in Singapore are open for normal banking business;
LyteMoney : means a visual representation of the sum of all of a Registered User’s aggregated receivables, calculated via LytePay’s algorithm based on factors like transaction statuses, time, and other risk factors;
LytePay : means the company registered in Singapore with unique entity number 201827926E, with registered address at 10 Anson Road, #05-01, Singapore 079903;
LytePay Account : means the account a Registered User signs up for and opens on the Application in accordance with the LytePay Platform Agreement;
Registered User(s) : means all persons (whether a natural person or a body corporate) who have signed up for an account on LytePay and completed the onboarding process and is not otherwise suspended or rendered incapable of using the Application for legal or regulatory reasons.


    1. In these Terms and Conditions, unless otherwise stated or the context otherwise requires:-
      1. clause headings shall not affect the interpretation of these Terms and Conditions;
      2. words in the singular shall include the plural and vice versa;
      3. reference to these “Terms” or “Terms and Conditions” shall be references to the Cash out to CPF Program Terms and Conditions or such other Terms and Conditions as supplemented, amended or restated from time to time;
      4. references to clauses shall be references to clauses of these Terms and Conditions;
      5. references to a statute or statutory provision shall be references to that statute or statutory provision as amended, extended or re-enacted from time to time, and include all subsidiary legislation under that statute or statutory provision; and
      6. references to any party shall include that party’s successors and permitted assignees.
    2. These Terms and Conditions shall also be read together with the LyteMoney Advance Terms of Service, the LytePay Platform Agreement, our Privacy Policy, our Cookie Policy and any other relevant terms and conditions or terms of service that may apply from time to time.
  1. Cash out to CPF Program
    1. The Cash out to CPF Program provides recommended top up amounts to their Central Provident Fund (“CPF“) account(s) based on each Registered User’s data. Registered Users can then cash out their LyteMoney to top up their CPF accounts based on the recommendations.
    2. The recommendations are calculated based on CPF’s recommendations for top-up amounts for self-employed persons. The same calculator can be found on CPF’s website here: LytePay is not endorsed or funded by CPF in any way.
    3. As this Cash out to CPF Program is in Beta stage, please note that the CPF calculations are estimates based on data extracted and/or provided by you at the date of application. LytePay makes no representation on the accuracy of these figures.
    4. All CPF information and interest rates are accurate as at 5 December 2023. Any changes to CPF interest rates after 5 December 2023 will not be reflected on the Application.
    5. As cashing out LyteMoney is an advance on their LyteMoney, Registered Users will be charged a fee for each cash out made to a Registered User’s CPF account, which will be shown on the Application. This fee may change from time to time, at LytePay’s sole discretion.
    6. By participating in Cash out to CPF Program, you confirm that you have read, understood and agreed to these Terms and Conditions, which constitutes a legally binding agreement between you and LytePay under the applicable law.
  2. Eligibility
    1. In order to be eligible to use the Cash out to CPF Program, you must:
      1. have a LytePay Account as a Registered User;
      2. must be below 55 years of age;
      3. have fully complied with our account opening criteria (as set from time to time), including our know-your-customer procedures;
      4. allow LytePay to access your information via Singpass;
      5. be a registered real estate salesperson as defined in the Estate Agents Act (Cap 95A, Rev Ed 2011) of Singapore, with a property agency which has an existing contract with LytePay; and
      6. be offered to use the Cash out to CPF Program by LytePay, which shall be offered to Registered Users through the Application at LytePay’s sole discretion.
  1. How to cash out to CPF?
    1. Registered Users who have been offered to use the Cash out to CPF Program by LytePay may access it directly on the Application. Users have to allow LytePay to access their CPF information and trade income via Singpass before being able to use the Cash out to CPF Program.
    2. Based on the information extracted via Singpass, and the user’s input, LytePay will recommend amount(s) to be topped up to the user’s CPF account(s). The user may opt to top up any amount to their CPF account.
    3. Should the user choose to top up their CPF account using the Cash out to CPF Program, the processing fee will be shown at the final page before a user confirms the cash out. Once the user confirms the cash out, the transaction cannot be reversed or cancelled.
    4. All top ups to user’s CPF account(s) will be completed by 29 December 2023. LytePay will notify each user when the top up is completed.
    5. Before confirmation of a Registered User’s participation in the Cash out to CPF Program, the user will have to consent to these Terms and Conditions.
    6. As the sums cashed out comes from a Registered User’s LyteMoney, when you choose to cash out your LyteMoney, you are choosing to cash out monies you have yet to receive. Therefore, when a Registered User receives incoming payment(s), the cash out amount will be deducted on a first-in-first-out basis until the cash out amount is fully repaid to LytePay. The cash out amount will not be tied to a particular commission.
  2. Communications
    1. Any concerns relating to the Cash out to CPF Program or communications under these Terms and Conditions shall be in writing and served by e-mail transmission to
  3. General
    1. To the extent as permitted by applicable laws, LytePay reserves the right, with written notice, to: –
      1. vary, modify or amend these Terms and Conditions of this Cash out to CPF Program (including adding or deleting any terms);
      2. terminate or modify this Cash out to CPF Program; and
      3. modify the qualifications and eligibility for this Cash out to CPF Program as specified in these Terms and Conditions;

without prior notice to you and at its sole discretion.

  1. Entire Agreement

This Agreement contains the entire agreement between the parties and shall supersede and replace any prior written or oral agreements, representations or understandings between them. Each party hereby confirms that it has not entered into the Cash out to CPF Program on the basis of any representation that is not expressly incorporated into these Terms and Conditions. Nothing in this Terms and Conditions excludes liability for fraud.

  1. Severability

If any provision of these Terms and Conditions is or becomes prohibited by law or judged by a court to be unlawful, void or unenforceable, it shall, to the extent required, be severed from these Terms and Conditions and rendered ineffective as far as possible without modifying the remaining provisions of these Terms and Conditions, and shall not in any way affect the validity or enforcement of these Terms and Conditions.

  1. Assignment

Neither the benefit nor the burden of these Terms and Conditions shall be assigned by either party except with the prior written consent of the other party, such consent not to be unreasonably withheld. These Terms and Conditions shall be binding upon, and shall inure to the benefit of, each party’s successors and permitted assignees.

  1. Waiver

No failure or delay on the part of any party to exercise any right or remedy under these Terms and Conditions shall operate as a waiver thereof, nor shall any single or partial exercise of any right or remedy preclude any other or further exercise thereof or the exercise of any other right or remedy. The rights and remedies provided in these Terms and Conditions are cumulative and not exclusive of any rights or remedies provided by law.

  1. Governing Law and Jurisdiction

These Terms and Conditions and any disputes or claims arising out of or in connection with it or its subject matter or formation shall be governed by and construed in accordance with the laws of the Republic of Singapore, and each party hereby irrevocably agrees that the courts of the Republic of Singapore shall have the non-exclusive jurisdiction to settle any such disputes or claims.

  1. Rights of Third Parties

Unless otherwise stated, a person who is not a party to these Terms and Conditions shall have no right under the Contracts (Rights of Third Parties) Act (Chapter 53B of Singapore) to enforce any term of this Agreement.