Can you still deposit and withdraw cash into/from CPF for amounts above the enhanced retirement sum (ERS) after 65?

Hi anon,

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You cannot put cash directly to CPF SA for 4% interest after 55. You may only contribute via voluntary contributions which will be split across the 3 accounts based on your age. Thus, your true interest will be a blended figure between 2.5% and 4%.

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Of course, you may withdraw CPF monies at any time after 55, in the following sequence: SA interest, OA interest, SA contributions, OA contributions, SA principal, OA principal. (This assumes you have met your FRS/ERS)

Need to be clear which CPF account you want to deposit into, and ERS refers to the max you can deposit into RA after it is formed at 55. This is known as RSTU (Retirement Sum Top Up) scheme. All RSTU money into RA cannot be withdrawn, and it will form part of your CPF LIFE monthly payouts.

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Besides RA, you can deposit cash into the other 3 accounts in the following way:

1. VCMA (Voluntary Contribution to Medisave Account), subject to MA limit of BHS (Basic Healthcare Sum) and total MC+VC annual limit of $37740.
2. VC3AC (Voluntary Contribution to 3 Accounts) with allocation according to your age group, also subject to total MC+VC annual limit of $37740.
3. VHR (Voluntary Housing Refund) to OA up to the amount withdrawn for housing and the accrued interests.

Once you have met FRS in RA at 55, you can freely withdraw cash from SA and OA.