How much CPF can I withdraw??

So you are a Singaporean or Permanent Resident and you wish to withdraw money from your CPF account. However, it is not that easy! The CPF savings account is known and meant to be the government's way of ensuring we have enough money saved for retirement. Due to this, there are numerous requirements in order for us to start withdrawing. Do you know what they are?

Who can withdraw CPF?

Only Singaporeans or Permanent Residents who are currently employed would have a CPF account and thus be able to withdraw once they reach a certain age.

When can I withdraw CPF?

CPF contributions can only be withdrawn when you reach the age of 55 years old

What accounts can I withdraw CPF from?

You can withdraw your CPF from your Retirement Account (RA).

What is the Retirement Account?(RA)

The Retirement Account is created when you turn 55 and it is made up of your savings from your Ordinary Account(OA) and Special Account(SA). The amount transferred from your OA and SA is only up to the Full Retirement Sum (FRS) which is $186,000.

What kind of withdrawals can I make?

Do keep in mind that these withdrawals are not the same as your monthly payouts! CPF members can make these withdrawals in order to supplement their monthly payouts.

Unconditional Withdrawals

At least 20% of your retirement savings can be withdrawn from either 55 or 65 depending on the year you were born.

For those who have reached the Full Retirement Sum (FRS)

If you have met the FRS, which is $186,000, you can withdraw any amount that is in excess.

For property owners,

Those who have a lease that will last them until they are at least 95 years old can withdraw until the Basic Retirement Sum (BRS)

Basic Retirement Sum (BRS): $93,000

How much can I withdraw from my CPF account?

Once you are 55 years old and above, you can check how much you are allowed to withdraw by going to the Retirement Dashboard on your Singpass, either by website or by the mobile application.

The amount of money you are allowed to withdraw will depend on how much money you have in your CPF account and if you are born in 1958 and after.

Therefore, if...

1. You have $5000 or less in your OA and SA, you can withdraw all your savings in your OA and SA.


2. You have $5000 - $186,000 in your OA and SA you can withdraw,
• $5000 and,
• any RA savings that is in excess of the Basic retirement Sum, if you have a property with a lease that lasts until you are at least 95 years old.


3. You have more than $186,000 in your OA and SA,
• $5000 or savings in your OA and SA that is in excess of your FRS, whichever is higher
• any RA savings that is in excess of the Basic retirement Sum, if you have a property with a lease that lasts until you are at least 95 years old.

For more details on how to withdraw CPF click here.

Written by

Read more blogs from Joy