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13 Dec 2019

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What will happen to the money in the SA when one turns 65?

Assuming the FRS is topped up in the RA, will the SA close after one turns 65?

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Hariz Arthur Maloy

13 Dec 2019

Independent Financial Advisor at Promiseland Independent

SA will remain open throughout. In fact you can still top up SA via Voluntary Contribution.

Any money in the account will still earn a 4% interest and you have access to it anytime you want. You can even withdraw via PayNow.

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Related Posts

Let’s say I just turned 65 and started drawing from CPF Life. If something happens to me next month and i leave this world, what happens to all the funds that I enrolled into CPF Life?

What happen to CPF RA (Retirement Account) money when someone pass away? What is the difference, - pass away < 65 CPF LIFE starts vs. - pass away > 65 after CPF LIFE payout starts

What happened if you put $181k into your child's SA account and 25 years later, unfortunately, the child passed away with no spouse. How will the money in the SA be handled?

Why do you think CPF SA as a safety net, considering it is one way investment, can be taken out only at 65?

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