I do not wish to wait for the next automatic transfer of non-withdrawable monies from my Ordinary Account to my Retirement Account. Can I perform the transfer manually and boost my CPF LIFE payouts?

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Accepted Answer

Yes, you can. Here are the steps to perform the transfer of your non-withdrawable monies from your Ordinary Account (OA) to your Retirement Account:

1) Access the Plan my monthly payouts service.

2) Under ‘Use more CPF savings to increase payouts’ in the second page, select the OA amount to be transferred to increase your CPF LIFE payout.

You may perform the above any time, as long as you have monies in your OA.

I do not wish to wait for the next automatic transfer of non-withdrawable monies from my Ordinary Account to my Retirement Account. Can I perform the transfer manually and boost my CPF LIFE payouts?

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Related questions

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

How much Ordinary Account savings will be 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?

How will I be eligible for the automatic transfer of non-withdrawable monies from my Ordinary Account to my Retirement Account?

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