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I am under the Reduced Life Expectancy scheme, what happens to my CPF savings when I turn 55?
When you turn 55, if you have savings in your Special Account (SA), it will be transferred to your Retirement Account (RA) up to your Reduced Retirement Sum (RRS) and your SA will be closed.
Once you have set aside your RRS in RA, any remaining SA savings will be transferred to your Ordinary Account and can be withdrawn at any time.
This information is sourced from CPF.
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