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Anonymous

07 Jun 2019

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Can I get back my remaining CPF money after I hit FRS?

Assuming I top up my RA yearly and eventually hit 1M at 65. What happens to the remaining money when I hit FRS? Am I able to get it back? I read from the CPF that you are unable to withdraw the amount of money you top up and interest gain from it.

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Gabriel Tham

07 Jun 2019

Tag Team Member at Kenichi Tag Team

After setting aside your Full Retirement Sum or Basic Retirement Sum with sufficient CPF property charge/pledge, you can choose to withdraw the remaining CPF balances (excluding top-up monies, government grants, and interest earned in your Retirement Account), or continue to keep your savings in CPF to earn attractive interest. You can withdraw up to $5,000 of your Ordinary and Special Account savings even if you are unable to set aside your Full Retirement Sum or Basic Retirement Sum with sufficient CPF property charge/pledge.

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