Here’s a situation many Singaporeans face: you’ve spent decades contributing to your CPF, but now life throws you a curveball — health issues, early retirement needs, or family expenses. You start asking, “Can I withdraw my CPF savings before the usual age?”
The good news? Under the new CPF withdrawal rules for 2025, certain members can access their CPF funds early, especially on medical grounds or upon reaching age 55. Let’s break it down simply so you can understand what applies to you.
Early CPF Withdrawals on Medical Grounds
If your health takes a serious turn, CPF allows early withdrawal of your savings to ease immediate financial strain. This rule applies when a doctor certifies that you have:
- A shortened life expectancy due to illness,
- A permanent inability to work, or
- A permanent loss of mental capacity (as defined under the Mental Capacity Act).
In such cases, you can withdraw at least $5,000, or more depending on your CPF balance. However, note that MediSave funds and government grants can’t be withdrawn.
Eligibility is confirmed through medical certification by accredited doctors from public hospitals, polyclinics, or specialist institutions. Once approved, the CPF Board transfers the funds directly to your registered bank account.
For members overseas, documents must be witnessed by a Singapore Overseas Mission official to ensure authenticity.
CPF Withdrawals When You Turn 55
Turning 55 is a milestone for CPF members. At this point, your Retirement Account (RA) is created, combining savings from your Ordinary and Special Accounts.
Here’s what you can withdraw:
- A minimum of $5,000, regardless of your total balance.
- Any amount above the Full Retirement Sum (FRS) if you meet the requirement.
- If you own property with a lease lasting at least 95 years, you can set aside the Basic Retirement Sum (BRS) instead — allowing you to withdraw more cash.
And here’s a bonus:
Members born in 1958 or later can withdraw an extra 20% of their RA savings when they turn 65.
All withdrawals are processed online through CPF e-Services using Singpass, making it easier than ever to manage your funds.
Why These Rules Exist
CPF’s withdrawal system is designed to balance flexibility with long-term security. It helps those in urgent need without risking their retirement stability. The government’s goal is simple — ensure every Singaporean enjoys financial dignity in later life while maintaining responsible access to savings.
So, whether you’re facing a medical emergency or planning your golden years, understanding these withdrawal options helps you make smarter financial choices
Frequently Asked Questions
1. Can I withdraw all my CPF savings at once?
No. Full withdrawal is only allowed in severe medical cases. Most members can withdraw $5,000 at age 55 and any savings above the Full Retirement Sum (FRS).
2. What if I can’t meet the Basic Retirement Sum (BRS)?
You can still withdraw $5,000, but the rest stays in your Retirement Account to fund monthly CPF LIFE payouts.
3. How long does a withdrawal take to process?
Most applications are processed within a few weeks, provided medical and identity documents are complete.
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