There are 2 age-numbers about CPF that you should know about.
They are the CPF Withdrawal Age, and the CPF Payout Eligibility Age.
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What is the CPF Withdrawal Age?
Singapore's CPF Withdrawal Age is currently set at 55.
This is the age you can start withdrawing money out of your CPF account.
How Much Can I Withdraw?
You can only withdraw money above the Full Retirement Sum or $5,000 (whichever is higher).
Alternatively, you can withdraw money above the Basic Retirement Sum if you perform a property pledge.
Click here to see the examples of how much you can withdraw.
For members turning age 65 from 2023 onwards, they can also withdraw up to 20% of their Retirement Account savings in a lump sum anytime from age 65 onwards.
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