If I reserve an amount in my Ordinary Account to pay for my house, will it affect the amount that I can withdraw?
Yes, the amount that you can withdraw from your CPF savings will be affected if you have reserved an amount in your Ordinary Account to pay for your house. This is because the savings reserved for your housing payments cannot be withdrawn in cash.
It is also important to note that the amount reserved for housing will not be transferred to your Retirement Account to make up your retirement sum. This may affect your monthly payouts when you reach your payout eligibility age. Therefore, it is important to plan your finances carefully and consider the impact of reserving funds for housing on your future retirement plans.
