Scheduled Maintenance: CPF digital services will not be available on 4 June 2023 from 12am to 8am.

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What happens if I used my Retirement Account (RA) savings to purchase annuity(ies) under the Retirement Sum Scheme (RSS) or used my annuity(ies) to apply for exemption from setting aside a retirement sum?

Once your CPF account is closed, the surrender value of your annuity, if any, will be payable to you directly in the event of termination of the annuity(ies) or to your beneficiary upon your demise.