What to consider
Understand the trade-offs when making retirement withdrawals
Before making a withdrawal, carefully consider if you have sufficient savings to suit your retirement lifestyle. With PayNow, withdrawn funds are deposited in your bank account almost instantly.
Balance withdrawals with payouts
Consider your retirement needs and lifestyle
Making withdrawals from your CPF savings means reduced monthly payouts in the future. Alternatively, your withdrawable savings can be converted to boost your monthly payouts.
Take advantage of our risk-free interest rates
CPF offers risk-free interest rates for your savings
If you don’t need immediate access to funds, leave your savings in your CPF account to earn risk-freeinterest rates* of up to 6% per annum.
Withdraw funds only when you need them. With PayNow, you can receive them almost instantly.
* Based on the current 4% interest rate floor on Special and Retirement Account monies.
