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Anonymous

22 Dec 2021

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Hi, I have a qn - lets say you are able to leave the ERS in RA at 55 and still have 1M in SA and OA - can this 1M be withdrawn fully?

I read that withdrawal excludes interest and top-ups made under RSUT - does this mean I cannot withdraw the 1M fully and must deduct all the top-ups and interest earned over the years first to get my withdrawal amount?

If so, what is the point of reaching 1M in CPF savings?

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Tan Choong Hwee

22 Dec 2021

Investor/Trader at Home

Once you have FRS in RA at 55, all the money in your SA and OA can be freely withdrawn fully.

The withdrawal excludes top up money and interests refers to withdrawal from RA, not applicable to withdrawal from SA and OA.

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