in
How will the top-ups to my retirement savings be used?
cpf
Source: https://www.cpf.gov.sg/memberTop-up monies will form part of your retirement sum and give you higher monthly payouts in retirement. As such, top-up monies cannot be withdrawn as a lump sum, withdrawn from your Retirement Account savings using property, or transferred to your loved ones.
Additionally, top-up monies cannot be used for other CPF schemes, such as withdrawal for immediate retirement needs, withdrawal on exemption from setting aside a retirement sum, and other CPF schemes for education, investment, insurance, housing etc.
This information provided here is sourced from the CPF website.
Let other citizens know if this answer was helpful
Did this answer your question?Related Questions
Why can't I withdraw my top-ups from my retirement savings if I have an alternative pension/annuity?
from CPFI made top-ups to my Special Account before turning 55. What will happen to the top-ups when I turn 55?
from CPFCan I still make top-ups or receive top-ups to my retirement savings if I have withdrawn my savings using my pension/annuity?
from CPFHow will my monthly payouts change after topping up?
from CPF
Can’t find what you’re looking for?