View Full Version : Can I withdraw my CPF in full in future?

12th March 2012, 09:50 PM
Can anyone tell me if I can withdraw my CPF in full in future?

Curry Chicken
16th March 2012, 11:47 PM
You can't withdraw in full. You have to keep the Minimum Sum in your CPF. The balance you can withdraw when you hit 55.

Ah Boy
18th March 2012, 03:15 PM
if you born 1958 or later, cannot take out liao. thank u cpf life :chargrined:

Curry Chicken
7th April 2012, 04:17 PM
Oh? What is this CPF life?

7th April 2012, 05:02 PM
CPF Life is the alternative to the CPF Minimum Sum Scheme. The CPF Minimum Sum Scheme provides monthly payouts for about 20 years whereas the CPF Life Scheme gives a lifelong monthly payment when you turn 55. How much your monthly payout depends on the plan you are on. There are a few plans currently but next year (2013) onwards, the plans will be simplified to 2 - basic and standard.

For people born 1954 or earlier - you can choose to join CPF Life or remain on the Minimum Sum Scheme.
For people born 1955 to 1957 - you can apply to join CPF Life when you reach 55 years old or remain on the Minimum Sum Scheme.
For people born 1958 or later - you will be automatically included under CPF Life if you have at least $40,000 in your Retirement Account (RA) at 55 or at least $60,000 in your RA at 65. If you are not automatically included, you can still apply to join the CPF Life Scheme.