For CPF member above age 55 and reaching FRS. Are member allow to withdraw the balance Interest earned from OA (Year of withdrawal) before touching on the principal sum in the SA?
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi Francis,
CPF rules dictate that if you are withdrawing any money from SA/OA after 55, and there is money in SA, SA money must be withdrawn first before you can touch your OA money. This would apply to the interest as well.
Hi Francis,
CPF rules dictate that if you are withdrawing any money from SA/OA after 55, and there is money in SA, SA money must be withdrawn first before you can touch your OA money. This would apply to the interest as well.