Can I choose to retain my Ordinary Account savings instead of automatically disbursing them as payouts when my Retirement Account is depleted?
No, you cannot choose to retain your Ordinary Account (OA) savings. CPF is designed to provide you with an income in retirement. The auto-disbursement of your OA savings ensures that you continue to receive a steady stream of retirement income even when your Retirement Account has been depleted.
With the monthly payouts, you also have greater flexibility for your daily living expenses or your monthly housing instalments (if applicable).
If you wish to retain the monies in your CPF accounts to earn higher interest, you should consider options outside of CPF.
This information is sourced from CPF
Related questions
Can I request to retain the Ordinary Account savings in the CPF accounts for future housing needs?
Why is there a need to annuitise the non-withdrawable Ordinary Account savings as CPF LIFE monthly payout?
How much can I reserve in my Ordinary Account for my housing payments?
Can I request to retain the non-withdrawable Ordinary Account savings in the CPF accounts and not annuitise and stream them out as CPF LIFE monthly payouts?
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