Personal Finance
The CPF Withdrawal Age & CPF Payout Eligibility Age
By Investment Stab  •  August 22, 2020
There are 2 age-numbers about CPF that you should know about. They are the CPF Withdrawal Age, and the CPF Payout Eligibility Age. Recommended Read: Should I Top Up My Young Next-Of-Kin's CPF? 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. Recommended Read: Cannot Withdraw CPF Money If Never Hit CPF Retirement Sum?...
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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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