Hi all, for CPF withdrawal at 55 years old... Which is the better option for CPF withdrawal?

From age 55, you can withdraw up to $5,000 from your Special Account (SA) and Ordinary Account (OA), or your CPF savings after you have set aside your Full Retirement Sum (FRS) in your Retirement Account (a.k.a your withdrawable savings), whichever is higher.

You do not have to withdraw all your withdrawable savings at one go though.

You can withdraw, whether in full or part, as frequently as you like, and at any time after turning 55.

I would thus say the better option if you do not have an immediate need is to leave it in your CPF accounts to earn the attractive interest of up to 6% annually, instead of a bank account earning low interest.

These CPF savings can be treated as an emergency fund which you can draw out any time when needed. In fact, you can even draw out using PayNow now. Did it for my dad via his phone and the withdrawal was immediate, with the savings reaching his bank account instantaneously.

- Jeffrey (jeffreyleezq.com)

P/s: If my reply has helped you to understand more about CPF, you could do me a favour by indicating my name "JeffreyLeeZQ" when you submit any CPF applications online under the "Referrer Name" field, so that I can keep track of my paying-it-forward journey. You can find out more about what the CPF referrer name initiative is about here at CPF.

I also do not quite understand the question. Are you referring to the options of choosing FRS or BRS (with property pledge) to be set aside for RA?