If I am 55 and would like to make a CPF transfer to my loved ones, in what order will my savings be transferred?
If you are 55 or above, your CPF savings will be transferred to your loved ones in the following order:
- OA
- RA*
*If you use your RA savings for the transfer, you may no longer have enough savings to meet your Full Retirement Sum (FRS). In that case, the next time you apply for a withdrawal from your OA, a portion or all of the savings will be used to meet your FRS in the RA.
This information is sourced from CPF
Related questions
How much CPF savings can I withdraw from age 55 to 64?
What happens to my CPF savings when I turn 55?
Why is there another transfer of monies from my Ordinary Account (OA) to my Retirement Account (RA) before I start my monthly payouts?
Which accounts will my CPF contributions be allocated to after I turn age 55 and my Special Account is closed?
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