Vivian

21 Nov 2019

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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

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Other than the first $5000 of your OA and SA, which can definitely be withdrawn at 55, you can only withdraw the rest CPF monies once you either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

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Lihua Lh

21 Nov 2019

Yes.

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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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Related Posts

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?

My mum is reaching 55 years old soon. Will she be forced to withdraw her CPF? If not, can she choose to leave it in the CPF account and let it compound over time till old age?

Does the interest i received from CPF goes to my OA or SA account for compounding during age 55 to age 60 which i nv withdraw my excess?

If parents are above age 55, should they withdraw money from CPF to pay for housing in order to avoid incurring accrued interest? Instead of using CPF to pay directly.?

If CPF only allows us to withdraw and get payout after age 55, won't we lose opportunity cost by putting our money to work in other asset classes that can give more than 5% returns?