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What happens to my CPF savings when I turn 55?

When you turn 55, we will transfer your CPF savings, up to your Full Retirement Sum (FRS), to create your Retirement Account (RA). Your Special Account (SA) savings will be transferred first, followed by your Ordinary Account (OA) savings.

You do not need to top up your RA if you do not have enough savings to make up your FRS. Instead, if you have used CPF savings for your property, we will use your CPF savings withdrawn for your property (including accrued interest) to meet your FRS. The maximum amount that can be used is your Basic Retirement Sum. When you sell your property, you will have to restore your RA up to your FRS with your sales proceeds.

If you are born in 1958 or after and have not met the FRS when you want to start your monthly payouts, there will be another transfer of your SA and/or OA savings, up to your FRS, to your RA. This transfer allows you to receive higher monthly payouts.

Find out more about the retirement sums.