22 questions
Creation of Retirement Account and closure of Special Account at age 55
Which accounts will my CPF contributions be allocated to after I turn age 55 and my Special Account is closed?
Which CPF accounts will my voluntary top-ups be allocated to after I turn 55 and my Special Account is closed?
I belong to the generation born before 1958 and can withdraw a portion of my Special Account (SA) savings even though I have not set aside my Full Retirement Sum. Will I continue to be able to withdraw after my SA is closed?
How are the Basic Retirement Sum and Full Retirement Sum determined for each cohort?
How much interest will I earn on the Special Account (SA) savings that are transferred to my Retirement Account and Ordinary Account upon the closure of my SA when I turn 55?
What is the closure of Special Account for members aged 55 and above about?
In setting aside the Full Retirement Sum in my Retirement Account, why are my Special Account savings transferred before my Ordinary Account savings?
Do I need to top up my Retirement Account and will I receive monthly payouts if I am unable to set aside my Full Retirement Sum?
Can I choose to transfer more savings from the Special Account to the Ordinary Account since I am still servicing my housing loan/education loan etc.?
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