Transfer of Ordinary Account savings to Special Account

Members are advised to plan the use of their CPF carefully before making the transfer as it is irreversible.

If you are using your CPF to repay your existing housing loan, or considering to buy a property, please plan carefully.

For example: If a member becomes unemployed after transferring his Ordinary Account savings, he might have to use cash to pay his monthly housing loan instalment. He would not be able to reverse the savings back to the Ordinary Account.