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

Updated by CPF
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. 

This information is sourced from CPF.

Topics:

Retirement IncomeCreation of Retirement Account and closure of Special Account at age 55

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