In setting aside the Full Retirement Sum in my Retirement Account, why are my Special Account savings transferred before my Ordinary Account savings?
The savings in your Special Account (SA) are meant for your retirement needs, while your Ordinary Account (OA) savings can be used to meet shorter-term expenditure needs such as housing. Hence, when you turn 55, SA savings are first transferred to your Retirement Account (RA) to help you set aside the retirement sum, which will eventually be streamed out as monthly payouts when you reach your payout eligibility age.

Was this article helpful?