Retirement income

Withdraw CPF savings for immediate retirement needs

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CPF members can make withdrawals from their CPF savings starting from age 55.

The amount you can withdraw depends on your birth year and the age you are making the withdrawal. You do not need to withdraw everything; you can withdraw only what you need, when you need it and as often as you need to because with PayNow, you can receive your CPF savings almost instantaneously.

Important notes

  • Beware of scams. Government officials will never ask you to transfer CPF savings to them. If you get such a request, call the 24/7 ScamShield anti-scam helpline via 1799 and inform CPF Board.
  • Before you begin, ensure that you have updated your contact details and provided a bank account in Account settings.
  • To receive your CPF withdrawals via PayNow, ensure that the bank account in Account settings is set to your “PayNow NRIC-linked bank account”. If not, update your bank account details and wait for the mandatory 12-hour cooling period to complete before submitting the application.
  • You may need to further verify your identity to complete this application.