When you turn 55, your Special Account and Ordinary Account savings, up to your Full Retirement Sum, will be transferred to your newly-created Retirement Account (RA). The amount you have in your RA will be your retirement sum, which will provide you with monthly payouts from age 65. The more you have as your retirement sum, the more you’ll have to enjoy a sweet retirement. Here’s what you need to know about the CPF Retirement Sums! #CPFBoard #Retirement #CPFLIFE | CPF Board
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When you turn 55, your Special Account and Ordinary Account sa…
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Budget 2024: No more Special Account for CPF members aged 55 and above, higher Enhanced Retirement Sum to support seniors' needs
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Pros & Cons of Keeping Your Savings In CPF Special Account
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Do you know what happens to the savings in your Ordinary, Special and MediSave accounts when a Retirement Account is created for you at age 55? Watch the first of three videos in our new series, Retiring With CPF, to find out so that you can better prepare for your golden years! #CPFBoard #Retirement #RetiringWithCPF | CPF Board
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Do you know what happens to the savings in your Ordinary, Special …
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Confused by all the rumours you’ve heard about CPF withdrawals? The CPF withdrawal rules have not changed – you can still withdraw your remaining savings anytime, as often as you like, from age 55, after setting aside your Full Retirement Sum. You can also receive your retirement payouts from age 65, based on the amount you’ve set aside in your Retirement Account. Watch the video to gain clarity on your CPF withdrawals! #CPFBoard #CPF101 #Retirement | CPF Board
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You can withdraw your CPF savings more than once a year, any time after age 55, as long as you meet the applicable withdrawal conditions. Watch this video to find out more. For more information about withdrawals of your CPF savings from age 55, visit: https://cpf.gov.sg/Withdrawalsat55FB #CPFBoard #SpreadFactsNotRumours #CPFWithdrawal #RetirementSum #Retirement | CPF Board
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A portion of your salary goes into your CPF every month, but do you know how it is allocated to your Ordinary, Special, and MediSave accounts? Here’s how the CPF allocation rates* are adjusted at various stages of your life to cater to your changing needs! To find out more about your CPF contribution and allocation rates, visit: www.cpf.gov.sg/CPFContributionandAllocationRatesFB *The allocation rates in the video are for monthly wages ≥ $750 and for private sector and public sector non-pensionab
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