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Am I allowed to reserve my Ordinary Account savings prior to turning 55 years old for possible housing payments after I turn 55 years old?

To help members plan ahead, members who intend to reserve their Ordinary Account (OA) savings for housing payments beyond age 55 may submit a request to the CPF Board before the monies are transferred to the Retirement Account (RA). This applies to members who own an existing property, as well as those who have yet to purchase a property. Your request should reach the Board at least three weeks before your 55th birthday.

However, when you start your monthly payouts under CPF LIFE or the Retirement Sum Scheme, your reserved OA savings will be transferred to your RA if you have not set aside your Full Retirement Sum. This transfer increases your RA savings and enhance your monthly payouts.

Find out how to apply to reserve your OA savings for your housing payment.