I am aged 55 and above. What happens to my CPF Investment Scheme-Special Account after my Special Account is closed?
If you are aged 55 and above, you can continue to hold your existing CPF Investment Scheme-Special Account (CPFIS-SA) investments until you decide to sell them or until they mature. Upon sale or maturity, your proceeds would be paid to your Retirement Account (RA) up to your Full Retirement Sum (FRS), with any remaining balance paid to your Ordinary Account (OA).
Before the closure of SA, CPF savings in SA can be used to invest after setting aside the FRS in your Retirement Account. With the closure of SA, your SA savings would be transferred to the OA once you have set aside the FRS in your RA and you can use them to invest under CPF Investment Scheme-Ordinary Account (CPFIS-OA).
