We all know that we can withdraw some of our money from CPF upon reaching the age 55, but do you know there are some things you should know about it?
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CPF +1% Interest for those age Below 55
1) Withdraw $5,000 at age 55
If you turn 55 in year 2016 and after, you may withdraw $5,000 from your CPF OR amount above the Full Retirement Sum (FRS)
2) Let it Grow~ Let it Grow
Should you decide not to withdraw money from your account when you reach 55, the money will continue to grow and earn interest inside your CPF!
You can also use the money to finance your housing loan ......