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How can I make monthly transfers of my CPF employment contributions from my Ordinary Account to Retirement Account?
If you are aged 55 and above and would like to transfer your monthly CPF employment contributions regularly from your Ordinary Account (OA) to Retirement Account (RA), you can do so by setting up recurring CPF transfers . With this recurring transfer service, you can conveniently earn higher interest on your CPF employment contributions credited to your OA and build up your retirement savings in your RA.
Upon successful application, your recurring transfer will take effect from the following month on the 18th.
Please note that CPF transfers are irreversible. The savings are set aside to boost your monthly payouts in retirement and cannot be withdrawn for other purposes.
This information is sourced from CPF.
Related questions
Why is there another transfer of monies from my Ordinary Account (OA) to my Retirement Account (RA) before I start my monthly payouts?
If I turn age 55 in the middle of the month, why do the Special Account savings transferred to my Ordinary Account not earn 4% interest from the start of the month to the day I turn age 55?
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Can I set up yearly CPF transfers from my Ordinary Account to Retirement Account?
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When does my recurring CPF transfer take place?
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