For CPF, after age 55, can top-up any amount in SA account to earn the 4% interest rate, eg $50k? And afterwhich can withdraw any amount anytime? Or have to top-up just below age 55? - Seedly
Seedly logo
Seedly logo
 

CPF

Investments

Retirement

CPF SA

RC

Asked 2w ago

For CPF, after age 55, can top-up any amount in SA account to earn the 4% interest rate, eg $50k? And afterwhich can withdraw any amount anytime? Or have to top-up just below age 55?

0 comments

1 answer

Answer Now

Answers (1)

Sort By

Top ups direct to SA (before 55) / RA (after 55) via the Retirement Sum Top Up Scheme (RSTU), is set aside specifically for CPF Life.

Which means you would not be abe to withdraw it like a bank account. It will be converted into monthly payments from the Payout Eligibility Age for life.

Mandatory or Voluntary Contribution however would be available. But this is divided into the 3 accounts, OA, SA, MA and follows the contribution split of your age and has a $37740 annual cap. There's a way to increase that limit via another job, but I shall not expand on that.​​​

2 comments

👍 0
RC

2w ago

Thanks, if after sufficient RFS is already been set aside, understand if correct that the remaining in OA & SA can be retrieve any time and any amount without frequency restriction ? That means only Voluntary Contribution after age 55 could work allow for withdrawal ?
Hariz Arthur Maloy
Hariz Arthur Maloy

2w ago

After FRS is set aside at 55 after RA is created, RSTU is available up to ERS amount (50% more). Above that you can't top up anymore. Only VC after 55 would allow for withdrawal.