You can apply to withdraw your CPF retirement savings at any time from age 55, as long as you have met the Full Retirement Sum (FRS) $186,000. (its essentially 2x the amount of Basic Retirement Sum). Or A Singapore property with a lease that lasts you up to age 95 - it'll automatically be pledged to your Retirement Account.
You can make a withdrawal
Besides receiving monthly payouts in your retirement, you can also make withdrawals of your CPF savings from 55, for both planned and unplanned, or emergency expenses.
You can withdraw as often as you like, in full or partial amounts
You can make as many withdrawals as you like from your withdrawable savings. So there’s no need to take everything in one go.
Words of Caution
Withdrawing now will lower your future monthly payouts, also you'll lose out on up to 6% interest with the fund in your retirement account. If you don't have the need, you don’t have to withdraw the full sum in one go. So weigh your short- and long-term needs carefully.
What If I have no property & have not hit Full Retirement Sum (FRS)
You can still withdraw at least 20% of your retirement savings, either from 55 or 65, depending on your birth year. This includes the first $5,000 withdrawal at any time after 55. You can lear more about it here: https://www.cpf.gov.sg/content/dam/web/member/r...
You can apply to withdraw your CPF retirement savings at any time from age 55, as long as you have met the Full Retirement Sum (FRS) $186,000. (its essentially 2x the amount of Basic Retirement Sum). Or A Singapore property with a lease that lasts you up to age 95 - it'll automatically be pledged to your Retirement Account.
You can make a withdrawal
Besides receiving monthly payouts in your retirement, you can also make withdrawals of your CPF savings from 55, for both planned and unplanned, or emergency expenses.
You can withdraw as often as you like, in full or partial amounts
You can make as many withdrawals as you like from your withdrawable savings. So there’s no need to take everything in one go.
Words of Caution
Withdrawing now will lower your future monthly payouts, also you'll lose out on up to 6% interest with the fund in your retirement account. If you don't have the need, you don’t have to withdraw the full sum in one go. So weigh your short- and long-term needs carefully.
What If I have no property & have not hit Full Retirement Sum (FRS)
You can still withdraw at least 20% of your retirement savings, either from 55 or 65, depending on your birth year. This includes the first $5,000 withdrawal at any time after 55. You can lear more about it here: https://www.cpf.gov.sg/content/dam/web/member/r...