CPF Money after 55

See also Contribute to CPF and Withdrawal of CPF Money after 55

How to top up CPF (3 accounts) max $37,740 yearly limit (Need Token) 

Google CPF board 

Home - services - Payment - e-cashier - Proceed - NRIC - Self-employed (to reduce MA liability) / Member (to do Housing Refund) - Payment For - Contribute to 3 cpf accounts - I'm not a robot - Next - Start - check allowable contribution / Key in Contribute amount - Next - login singpass - PayNow / eNets - I have Read - Make Payment - Open POSB/DBS App - Scan and Pay - Scan QR code on laptop - need the DBS 2FA gadget (when the amount is too big)

How to CPF Housing Refund (Need Token) for year 2020, FRS is $181,000

Home - Login - SingPass - My CPF - My Request - Property - Making a Housing Refund with cash - Start - Select the property - Amount - Next - Submit - PayNow - I have read - Make payment - Open POSB PayNow - Scan & Pay - Scan QR code - Login POSB - Need Token

Use CPF as bank because you can put in money and take out money anytime

- If your RA meet the minimum retirement sum and your MA met the yearly cap (yearly increase 2-3k, assuming 60k x 0,04 = 2.4k, it is good enough to me the 2-3k mark), you can use the CPF as a bank account to earn 2.5%

CPF RA minimum Retirement Sum Scheme must be achieved or use housing to pledge 50%

CPF money usage for buying house

- Money in RA no longer can be use to buy house unless you appeal and subject to approval (since new policy in year 2020)

- After selling your HDB Flat, money will go into RA to meet the minimum retirement amount. 50% can take out only after purchase a flat than can use the flat to pledge in order to take out 50% or move the money to OA

Members can do voluntary contribution, by following 3 method (Yearly max $37,740 applies)

1. OA, SA, MA (If MA cap met for the year, excess go to OA. MA cap increase by about 2-3k every year). Amount contribution and allocation to 3 account will based on working age contribution formula or table

2. Only into RA (excess of maximum Retirement Sum in RA will go to OA)

3. Only into MA (excess of maximum in MA will go to OA)

Yearly Voluntary contribution and employer contribution up to $37,740

After 55, member can withdraw anytime from OA and SA

Members want to take out money after 55.

Members can take money out from OA and SA anytime.

For example, For year 2020, Retirement Sum Scheme basic (after 50% pledge of property) is $90,500. (Full Sum is $181,000). In excess of $90,500, the access can be taken out and then later contribute back into the 3 account (OA, SA, MA). If MA maxed up, it will go to OA