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Can I choose to retain my Special Account and Ordinary Account savings instead of automatically disbursing them as payouts when my Retirement Account is depleted?

No, you cannot choose to retain your Special Account (SA) and Ordinary Account (OA) savings. CPF is designed to provide you with an income in retirement. The auto-disbursement of your SA and OA savings ensures that you continue to receive a steady stream of retirement income even when your Retirement Account has been depleted.

With the monthly payouts, you also have greater flexibility for your daily living expenses or your monthly housing instalments (if applicable).

If you wish to retain the monies in your CPF accounts to earn higher interest, you should consider options outside of CPF.