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Why is my co-owner allowed to withdraw part of his Retirement Account savings while I am not allowed to do so?

Updated by CPF
In households where the property does not last all co-owners until age 95, only the co-owner(s) who are covered by the lease until age 95 can choose to set aside their Full Retirement Sum (FRS) with a mixture of property (up to half the FRS) and cash, and hence withdraw their Retirement Account savings down to their Basic Retirement Sum*.
 
* Excluding, generally, interest earned, government grants and top-ups made under the Retirement Sum Topping-up Scheme.
 

This information is sourced from CPF.

Topics:

Retirement IncomeRetirement Withdrawals

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