What happens to my CPF savings when I turn 55?

Updated by CPF 9mo ago

When you turn 55, the following will happen to your CPF savings:

Retirement Account (RA): Savings from your Special Account (SA) and Ordinary Account (OA) will be transferred to your newly created RA, up to your Full Retirement Sum (FRS). Your SA savings will be transferred first, followed by your OA savings if your SA savings is insufficient to set aside your FRS.
SA closure: After the transfer, your SA will be closed, and any remaining SA savings will be transferred to your OA.

Find out more about what happens when you reach age 55.

This information is sourced from CPF.

Topics:

Retirement Income Creation of Retirement Account and closure of Special Account at age 55

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