Both the Central Provident Fund Special Account (CPF SA) and
Supplementary Retirement Scheme (SRS) are designed to help you save for retirement, but they have different structures, rules, and benefits.
Let’s break down the key differences:
Table of contents
What is a CPF SA Account
Before we go into what a CPF SA account is, let us give you a quick overview of the CPF system.
The CPF system is a mandatory savings plan designed to help Singaporeans save for retirement, healthcare, and housing.
Your CPF savings are divided into several accounts (Ordinary, Special, Medisave, and Retirement), each with different purposes:
- Ordinary Account (OA): used for housing, education, insurance, and investment
- Special Account (SA): used for retirement planning
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