CPF SA removal upon age 55 news

CPF SA Removal at age 55 news (16th Feb 2024)

The Friday announcement of new CPF changes of CPF-SA removal from/at age 55 and its balance is transferred to OA must have caused a stir in the big chat.

Those who did their SA hack might be lamenting and even angry with the new SA removal news.

Actually the total interest lost may be $50k ? It should not derail one's retirement plan.  

On the contrary, the increased RA ERS topup in 2025 would benefit more people.  

If I were to topup this $117k next year and subsequent delta topup to its annual ERA, it will add about $3,000 - $2,200 p.m. or $800 p.m. lifetime.

This is actually good news for budding retirees... 6 years to age 65.

One lesson: 

Not easy to outsmart our G. Even if one manages to, just whisper. "makan quietly".

Just like the "1-99" loophole in home ownership to skirt around paying ABSD for 2nd pte pty, "makan quietly".

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