14 questions
Closure of Special Account from early 2025
I am below age 55. How does the closure of Special Account affect me?
I have set aside my Full Retirement Sum with a mixture of property and cash. With the closure of Special Account (SA), which account will my SA savings be transferred to?
Once I set aside my Full Retirement Sum, my Special Account savings will be transferred to the Ordinary Account which pays lower interest. What can I do to continue earning the interest rate that the Special Account pays?
Will the closure of my Special Account affect how much I can withdraw from my CPF?
Can I choose to transfer more savings from the Special Account to the Ordinary Account since I am still servicing my housing loan/education loan etc.?
With the closure of the Special Account for CPF members aged 55 and above, which account will my CPF contributions be allocated to?
Does the closure of my Special Account affect the retirement sum that I need to set aside?
How does the closure of Special Account affect my voluntary top-ups to my three CPF accounts?
How much interest will I earn on the Special Account (SA) savings that are transferred to my Retirement Account and Ordinary Account in the month my SA is closed?
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