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Can I withdraw my CPF Investment Scheme (CPFIS) investments when I reach 55 years old?

You can apply to the Board to withdraw your CPF Investment Scheme-Ordinary Account (CPFIS-OA) and CPF Investment Scheme-Special Account (CPFIS-SA) investments as well as the cash balance in your Investment Account, as long as you have set aside your Full Retirement Sum (FRS) in the Retirement Account (RA). The FRS can be set aside fully with cash, or with cash (i.e. at least the Basic Retirement Sum) and property. Your CPF Investment Account will be closed once you apply to withdraw your investments.

Please refer to this FAQ for more information on how the retirement sum is set aside at age 55.

You will be able to view the link to submit your application through the Investment dashboard if you meet the eligibility conditions.

To find out what would happen after you have applied for withdrawal of investments under the CPFIS, please select

We will inform the agent bank to close your CPF Investment Account. The agent bank will contact you for the withdrawal of your investments and cash balance (if any) in your CPF Investment Account. Your investments will be transferred* to your own name and you may thereafter liquidate them as you wish and have the sale proceeds paid to you directly.

 

Once withdrawn, your CPFIS investments and cash balance in your CPF Investment Account will no longer be protected from any claims by your creditors and/or the Official Assignee.

 

* Central Depository (Pte) Ltd (“CDP”) imposes a transfer fee of $10.00 (excluding GST) for every share counter transferred from your CPF Investment Account to your CDP Account.

We will inform your product provider(s) to transfer your investments to your own name and you may thereafter liquidate them as you wish and have the sale proceeds paid to you directly.

 

Once withdrawn, your CPFIS investments will no longer be protected from any claims by your creditors and/or the Official Assignee.