If I don't withdraw CPF at 55, can I do so at anytime, and for any number of times? Assume all minimum sums are met.? - Seedly
 

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Asked by Anonymous

Asked on 26 Sep 2018

If I don't withdraw CPF at 55, can I do so at anytime, and for any number of times? Assume all minimum sums are met.?

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Png Cheng Xi Damien
Png Cheng Xi Damien, Happy Life Seeker at Home
Level 6. Master
Answered on 27 Sep 2018

https://www.cpf.gov.sg/Members/Schemes/schemes/retirement/withdrawals-of-cpf-savings-from-55

Assuming you have already hit your minimum sum, you can do so anytime and it seems that there is no restriction on the amount of times you can withdraw. CPF support paynow so it actually functions as a super high interest bank account.

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Nicholas Chan
Nicholas Chan
Level 6. Master
Answered on 27 Sep 2018

Yup, using paynow I believe.

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Yong Kah Hwee
Yong Kah Hwee
Level 8. Wizard
Answered on 27 Sep 2018

You can do it anytime!

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Good Day Every Day
Good Day Every Day
Level 7. Grand Master
Answered on 27 Sep 2018

No restrictions since minimum sum is met.

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Jeff Yeo
Jeff Yeo, amateur Social contributor at School of social sharing
Level 7. Grand Master
Answered on 27 Sep 2018

If you do not need the money then keep it in your CPF for compounding risk free interest.

You can can use the CPF calculator to calculate your withdrawal

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