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Anonymous

26 Jun 2019

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If i have property, and i have met FRS in my SA, can i withdraw the sum above BRS once i hit 55, or do i have no choice but to leave FRS since i have met the sum?

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CPF Board

26 Jun 2019

Hi,

At age 55, your Retirement Account (RA) will be created for you. Savings from your Special Account (SA), followed by your Ordinary Account (OA), up to your applicable Full Retirement Sum (FRS) will be transferred to your RA.
If you own a property with remaining lease that can last you to at least age 95, you may withdraw your RA savings (excluding interest earned, any government grants received and top-ups made under the Retirement Sum Topping-up scheme) above your Basic Retirement Sum (BRS).

You can withdraw your RA savings above the BRS fully if the expected CPF housing refund is able to restore your RA to your FRS when your sell/transfer the property in future.
Thank you.

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Loh Tat Tian

15 Jun 2019

Founder at PolicyWoke (We Buy Insurance Policies)

Once you have met the FRS, you will only be allowed to draw anything above FRS.

BRS are only allowed for people who do not meet the FRS.

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Vincent Tan Wen Bin

14 Jun 2019

Assistant Vice President at Thinkers Alliance

If you have a property and have a lease more than 30 years, you can choose to pledge and withdraw th...

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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?

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