facebookIf i invest my savings into the CPF special account, can I withdraw all my money from CPF at aged 55? - Seedly

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Vivian

21 Nov 2019

βˆ™

CPF

If i invest my savings into the CPF special account, can I withdraw all my money from CPF at aged 55?

Assuming i reach the basic retirement sum

Discussion (3)

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Elijah Lee

21 Nov 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Vivian,

Other than the first $5000 of your OA and SA, which can definitely be withdrawn at 55, you can only withdraw the rest CPF monies once you either

  • Set aside FRS
  • Set aside BRS with a property pledge

When you say 'invest', do you mean to put money in your SA, or actively invest the money in SA into assets like UTs? I would recommend that SA money be left as it is, a 4% guarantee is very hard to find.

Pang Zhe Liang

21 Nov 2019

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

You can withdraw all the eligible savings in full, partially, and as often as you may like after you...

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