How will the annuitisation of the non-withdrawable Ordinary Account (OA) savings as CPF LIFE monthly payout affect my eligibility to withdraw or service the housing commitments that are financed by my OA savings?

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Your eligibility to make lump sum withdrawals from your Ordinary Account (OA) will not be affected. This is because only the OA savings that cannot be withdrawn in a lump sum will be annuitised to provide you with higher CPF LIFE monthly payouts.

The purpose of your CPF savings is to provide you with a stream of retirement income. If you still have housing obligations after starting your monthly payouts, you can use your monthly payouts or monies in excess of your Full Retirement Sum after this transfer to meet your housing needs.

How will the annuitisation of the non-withdrawable Ordinary Account (OA) savings as CPF LIFE monthly payout affect my eligibility to withdraw or service the housing commitments that are financed by my OA savings?

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Can I choose to retain my Ordinary Account savings instead of automatically disbursing them as payouts when my Retirement Account is depleted?

How can I cancel my reservation of Ordinary Account savings to be used for my housing payments?

Can I retain my Ordinary Account savings instead of having them transferred to my Retirement Account to increase my CPF LIFE payouts?

Why is there a need to annuitise the non-withdrawable Ordinary Account savings as CPF LIFE monthly payout?

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