Congratulations on reaching this important milestone at 55 years old! Now that you have greater control over your CPF, you may be wondering how to go about withdrawing your funds. My dad allowed me to use his CPF account to perform a withdrawal, and here’s a step-by-step guide on how to do so:

How to withdraw CPF using PayNow

Here are 7 steps you’ll need to withdraw your CPF using PayNow after reaching 55 years old: Go to ‘Retirement income’ and select ‘Withdrawing for immediate retirement needs’Scroll down to ‘Withdraw CPF savings’Enter the amount that you wish to withdraw from your CPF SA and OA fundsEnter the amount that you wish to withdraw from your CPF RA fundsSelect the mode of payment of your withdrawalDecide if you want to transfer your CPF savings to your loved onesConfirm your transaction details And here is each step explained in-depth:...