What happens to excess money in OA and SA account after 55 when RA is formed?

Hi anon,

None of your monthly contributions will go to RA. Even if you don't have BRS, your contributions won't be transferred there. They will still be allocated to the 3 accounts.

Once past 55, you can always withdraw from your OA and SA accounts, but not your MA. Take note, the order of withdrawal is SA first, so you won't be able to touch your OA monies until SA is completely depleted.

FRS is not a number to be 'calculated', rather it is a prevailing number that is set for that year's cohort. Your payouts will be entirely dependent on the amount you have set aside in RA before you enroll in CPF Life.

If you didn't hit FRS in RA at age 55, future contributions will not go there. It'll still go to OA and SA and the accounts remains liquid even though FRS is not met. But you're advised to transfer them to RA to make sure you hit the FRS.

Whatever set aside at 55 in RA will then form to be your premium paid for CPF Life. So if you have less than FRS, it'll be pro-rated accordingly but you need a minimum of 60k 6 months before age 65 if not you won't be put into CPF Life.