Heartland Boy notices that there seems to be some confusion on the amount of money/cash that one can withdraw from his or her Central Provident Fund (‘CPF’) upon reaching the withdrawal age of 55. Indeed, withdrawal limits do get more complex when various schemes such as Retirement Sum Top Up (‘RSTU’) and transferring from one’s Ordinary Account (‘OA’) to Special Account (‘SA’) are taken into consideration. This is understandable as the answers to these questions can sometimes be found over several pages on CPF’s website. It takes considerable effort to piece those information into a consistent and congruent piece. Hoping to clear the confusion so that all CPF members can act with certainty and make more informed decisions, Heartland Boy consulted CPF Officers over several emails specifically on this topic. This article seeks to explain the amount of money that you can withdraw from your CPF at 55, especially if ......
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