What happens if I have used my CPF savings to pay for my home and do not have enough CPF savings left to set aside Full Retirement Sum when I turn 55?

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You can set aside your Full Retirement Sum (FRS) with a mixture of CPF savings in your Retirement Account (RA) and CPF savings used for your property. At age 55, if your RA savings is less than your FRS, the CPF savings used for your property (including accrued interest) will automatically be counted towards meeting up to half of your FRS.

For example: John turns 55 in 2025 and has $113,000 in his RA. He had used $200,000 of his CPF for his property (including accrued interest). His FRS of $213,000 would be set aside with the $113,000 in his RA and $100,000 of the CPF used for his property.

When you sell your property, you will need to refund the CPF savings (including accrued interest) used for your property to your CPF accounts. This will be used to set aside your FRS in cash.

What happens if I have used my CPF savings to pay for my home and do not have enough CPF savings left to set aside Full Retirement Sum when I turn 55?

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