Which accounts will my CPF contributions be allocated to after I turn age 55 and my Special Account is closed?

Question

Accepted Answer

After you turn 55, CPF contributions allocated to your Special Account will be fully allocated to your Retirement Account (RA) instead, up to the Full Retirement Sum (FRS), to boost retirement payouts.

If you have set aside the FRS in the RA, these contributions will be channelled to your Ordinary Account (OA).

To build up your retirement savings, you can now conveniently set up monthly recurring CPF transfers from your OA to your RA, allowing you to continue earning higher interest rates on your contributions.

Which accounts will my CPF contributions be allocated to after I turn age 55 and my Special Account is closed?

Related questions

With the closure of my Special Account, how will the top-up to my 3 CPF accounts be allocated?

What happens to my CPF savings when I turn 55?

My Special Account (SA) will be closed when I turn age 55 in the middle of the year. If I have the Full Retirement Sum, where does interest earned on my SA (before SA closure) go? Do I lose any interest for the remaining months till the end of the year?

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?