What to do with your CPF funds after the Special Account closure
Your course of action now depends on the original intention you had for your CPF money, assuming the SA was still open
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THE Central Provident Fund (CPF) Special Account (SA) was closed on Jan 19 for about 1.4 million CPF members, nearly a year after the closure was announced in Budget 2024.
Over the past month, as Singaporeans above 55 years old prepare for this eventuality, I received many questions about what one should do with their CPF money, which will be transferred to their Ordinary Account (OA) from their SA.
At the same time, I have noticed financial institutions and their representatives encouraging CPF members to invest their OA money to get “better returns”. I hope to provide some clarity on what you should do with your hard-earned CPF money.
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