How will I receive my monthly payouts if my combined Retirement Account (RA) and Ordinary Account (OA) savings are less than the minimum sum of $350?
You will receive monthly payouts as long as you have at least $350 in your combined Retirement Account (RA) and Ordinary Account (OA) savings. If your combined RA and OA savings are less than $350, the balance will be paid to you next January (e.g., if your balance falls below $350 in August, you will receive your payout next January).
This information is sourced from CPF
Related questions
What happens if my Retirement Account (RA) and Ordinary Account (OA) savings are depleted and I receive new inflows in my RA and OA?
Why is there a transfer of monies from my Retirement Account (RA) to my Ordinary Account (OA) once I start my monthly payouts?
How much can I reserve in my Ordinary Account for my housing payments?
What will happen to my CPF savings when my monthly payouts start?
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