CPF top-up/housing refund after age 55

Assuming I reached age 55 in year 2012, have the ERS sum of $271,500 in my CPF. Previously, paid for property using my CPF OA.

As of now (> 55 years old), am I able to do a housing refund via cash to my CPF to earn the 2.5% OA interest rate?

1) If I were to do a housing refund via cash into CPF, then I would also be able to withdraw the amount from my CPF OA at anytime (at my own discretion) since I have already reached ERS?

2) Other than that, would I also be able to do voluntary contribution to my CPF if I have more cash available (ie more than the amount utilised for housing) that I'd like to earn the 2.5% interest on?

3) My dependents wont be able to top up my CPF accounts because I have the full ERS amount?

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Tan Choong Hwee

04 Jul 2021

Investor/Trader at Home

Based on your ERS, you are at age 55 in 2020, the year when FRS is $181,000.

Yes, you can do cash VHR (Voluntary Housing Refund) to your CPF-OA for the 2.5% interest rate.

1) Since you have already met FRS at age 55, you are able to withdraw from SA and OA any time in the following sequence:

a. YTD unwithdrawn SA interest

b. YTD unwithdrawn OA interest

c. Current month SA contribution

d. Current month OA contribution

e. SA balance

f. OA balance

2) You can do VC3AC (Voluntary Contribution to 3 Accounts) subject to annual limit of $37,740 for total MC (Mandatory Contribution from employment) and VC amount. The allocation to the 3 accounts is in accordance to the allocation rate for your age group.

3) Prevailing ERS this year is $279,000, so there is a headroom of $7,500 ($279,000 - $271,500) for you or your dependents to top up your RA.

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