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--- mywiki:cpf [2021/12/20 14:40] – [What gets distributed upon death] shaoguoh
+++ mywiki:cpf [2025/08/09 14:24] (current) – [CPF OA/SRS withdraw Notes] gshao
@@ Line 1: / Line 1: @@
 CPF
+====== CPF OA/SRS withdraw Notes ======
+| CPF OA withdraw | As of 2025 information, From age 55, you have the flexibility to withdraw your CPF OA after setting aside the applicable retirement sum in your RA. You can withdraw **at any time**, whether in full or partially, and as frequently as you like. |
+| SRS withdraw | on and after the Prescribed/statutory retirement age (spread over 10 years) |
+SRS withdraw Details: [[https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/special-tax-schemes/tax-on-srs-withdrawals#:~:text=Currently%2C%20an%20SRS%20member%20can,other%20taxable%20income%20and%20relief|IRAS SRS withdraw Guideline]]
+| SRS Withdraw  | Type of withdrawal | Amount subject to tax \\ (tax in the Year of Assessment) | 5% penalty imposed? |
+| Penalty-free withdrawal | Withdrawal on or after prescribed retirement age (**withdrawal can be spread over 10 years from the date of first penalty-free withdrawal**) | 50% of withdrawal sum | No |
+|::: | Withdrawal on medical ground (physical or mental incapacity; partial withdrawal on grounds of terminal illness) |::: |::: |
+|::: | Withdrawal in full due to terminal illness | 50% of full withdrawal sum **less** an exempt amount of up to $400,000 |::: |
+|::: | In the event of bankruptcy | 100% of withdrawal sum |::: |
+|::: | Withdrawal in one lump sum by a foreigner (with at least 10 years holding period) | 50% of lump sum |::: |
+|Other withdrawals | Early withdrawals before prescribed retirement age | 100% of withdrawal sum | Yes |
+Note:
+  * You may make penalty-free withdrawals from your SRS account over 10 years starting from the date of your first penalty-free withdrawal.
 ====== Make a voluntary housing refund ======
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 ====== What gets distributed upon death/die======
-| OA/SA/RA | All savings (premier and interest) in the deceased person’s CPF accounts will be distributed |
+| OA/SA/RA | All savings (premiums and interest) in the deceased person’s CPF accounts will be distributed |
-| CPF Life | any unused annuity premiums will be distributed, **but not for interest part** |
+| CPF Life | any unused annuity **premiums only** will be distributed, **but not for interest part** |