Home Ownership

Reserve Ordinary Account savings for housing payments

Apply to reserve your ordinary account (OA) savings for housing payments before turning 55

We will take five working days to process your application. Please submit your application at least five working days (and not earlier than six months) before your 55th birthday. Your OA savings will be reserved and not transferred to your Retirement Account (RA) when you turn 55.

You do not need to reserve your OA savings if:

  • You are above age 55; or
  • You have met your Full Retirement Sum (FRS) in your Special Account (SA); or
  • You have fully redeemed your housing loan.

 

Relevant FAQ:

What happens to my CPF savings when I turn 55

Please note:

If you wish to change your instructions, you may resubmit the application. For cancellation of your reservation instruction, please write to us.

Terms and Conditions to reserved Ordinary Account (OA) savings

  • Reserved OA savings are subject to applicable housing withdrawal limits.
  • Reserved OA savings cannot be used for other CPF schemes, including Home Protection Scheme premiums.
  • Once you started your monthly payout or request to cancel the reserved savings after your 55th birthday, your reserved savings will be transferred to your Retirement Account (RA) if you have not set aside your Full Retirement Sum (FRS).

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