Anonymous
Hi,, what will eventually happen to the money I top up for Medisave and Special Account?
I plan to top up these two accounts. May I check what will actually to all the money that I top up given that I did not 'use' them?
The money that I top up cannot be withdrawn even at retirement age? And how will that be used?
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The funds will be set aside to form your RA at 55 for those monies you topped up to the SA through RSTU.
“Top-up monies are set aside specifically for retirement needs and will be streamed out as monthly payouts under the Retirement Sum Scheme, or CPF LIFE1. It cannot be withdrawn in cash or used for any other purposes such as education, investment, insurance premium payments, housing etc.
Top-up monies will form part of your retirement sum. However, top-up monies in the RA will not be taken into account in computing how much RA savings2 can be withdrawn in cash (for property owners), as well as how much RA savings2 can be used for housing purpose and CPF transfers to spouses.”
https://www.cpf.gov.sg/Members/Schemes/schemes/...
Medisave funds can be used for medical expenses.