If I am 55 and would like to make a CPF transfer, in what order will my savings be transferred?
CPF transfers to your Retirement Account (RA)
If you are 55 or above, your CPF savings will be transferred to your RA in the following order:
- Special Account (SA)
- Ordinary Account (OA)
CPF transfers to your loved ones
If you are 55 or above, your CPF savings will be transferred to your loved ones in the following order:
- OA
- SA
- RA*
*If you use your RA savings for the transfer, you may no longer have enough savings to meet your Full Retirement Sum (FRS). In that case, the next time you apply for a withdrawal from your OA and SA, a portion or all of the savings will be used to meet your FRS in the RA.
