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Learn how you can make a CPF withdrawal online after you turn 55 in the videos below. You can view the video in all 4 languages.
Understand your options for CPF withdrawal from 55 to access CPF funds for emergencies or to increase your retirement payouts. Find out what’s involved and the considerations before making a withdrawal.
Jul 7, 2023 · BRS: You can still withdraw up to $5,000 from your OA and SA. You will receive monthly payouts based on your retirement savings from age 65. FRS: You can still withdraw a portion of your CPF savings. If you are aged 65 and above, you can withdraw an additional amount from your RA.
Feb 12, 2024 · Regardless of how much we have accumulated in our CPF accounts, we can withdraw at least $5,000 from our CPF OA and SA accounts when we turn 55. If we have less than $5,000 in our CPF accounts, then we will only be able to withdraw whatever we have saved in our CPF accounts.
Dec 4, 2023 · At 55, for anyone born in 1958 or after, you can withdraw up to S$5,000 unconditionally from your CPF savings. This amount will be withdrawn from your OA and SA. If you already have your FRS...
You are allowed to make your first CPF withdrawal when you turn 55. Generally, you can withdraw at least S$5,000 or any amount in excess after setting aside your FRS from 55. You can withdraw your CPF monies at any time, whether in full or partially, and as frequently as you like.
You can apply for withdrawal of your CPF savings from 55 by submitting an online application. If you do not need to withdraw immediately and want to disable online CPF withdrawals, you can activate the CPF Withdrawal Lock under Account Settings.
Oct 16, 2018 · CPF members who are born in 1957 or earlier can already withdraw up to 10% of their Ordinary Account and Special Account monies when they turned 55. Thus, they can withdraw a lump sum of an additional 10% of their Retirement Account monies at the payout eligibility age.
Apr 18, 2020 · All CPF members can withdraw up to $5,000 of their CPF savings from age 55. On top of that, members have the option to withdraw their remaining CPF savings (the combined balances in the Ordinary, Special and Retirement Accounts), after setting aside the required retirement sum for their cohort.
Generally, when you turn 55, you can withdraw at least $5,000 or any amount in excess after setting aside your Full Retirement Sum (FRS). If you are born in 1958 and after, when you turn 65, you can withdraw an additional amount of up to 20% of your retirement savings. See more details on the withdrawal rules.
