Home Ownership

Reserve Ordinary Account savings for housing payments

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

You may submit your application anytime within six months before your 55th birthday, with at least five working days for us to process the application. 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 FAQs:

 

Please note:

If you wish to change your instructions, you may resubmit the application.

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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