By MoneyBees
Check which CPF rules let you set aside less than the Full Retirement Sum at 55, or none of it, and how much you could withdraw: property pledge, pension or annuity, medical grounds or the S$5,000.
Yes, if you receive a guaranteed lifelong pension or private annuity whose monthly payout meets CPF's benchmark: the CPF LIFE Standard Plan payout on your Full Retirement Sum. You can then apply to withdraw all your retirement savings and be exempted from CPF LIFE. A smaller payout may allow a partial withdrawal.
For members turning 55 in 2026: BRS S$110,200, FRS S$220,400 and ERS S$440,800. For 2027: BRS S$114,100, FRS S$228,200 and ERS S$456,400.
If you own a Singapore property with a lease lasting to at least age 95, you can meet up to half your FRS, which is the BRS, with the property and withdraw your Retirement Account savings above the BRS. A statutory charge is lodged on the property, and you refund the amount withdrawn with interest when you sell it.
Guaranteed lifelong monthly payouts from a pension, or from a private annuity bought with cash or under CPFIS where you are both the policyholder and the sole insured. You can combine several annuities. Endowments, whole life policies and bonds do not count.
S$5,000 from your Ordinary Account, whatever your balance. With the FRS set aside in cash, or with a property pledge and the BRS, you can withdraw any amount from your Ordinary Account.
Yes. If an accredited doctor certifies that your life expectancy is severely reduced, that you are permanently unfit for any work, or that you permanently lack mental capacity, you can apply to withdraw S$5,000 or more and may set aside a smaller retirement sum.
Your CPF account is closed and the savings can be paid to your bank account once the renunciation is complete. Processing takes about 12 weeks on average.
They receive monthly payouts under the Retirement Sum Scheme instead of CPF LIFE, which stop when the savings run out. That changes how payouts are made, not the need to set aside a sum. They can still apply for the pension or annuity exemption.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).