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--- mywiki:cpf [2025/08/09 12:19] – gshao
+++ mywiki:cpf [2025/08/09 14:24] (current) – [CPF OA/SRS withdraw Notes] gshao
@@ Line 1: / Line 1: @@
 CPF
-| 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. | First contribution **before** 1 July 2022, the Prescribed retirement age is 62 \\
+====== CPF OA/SRS withdraw Notes ======
-First contribution **after** 1 July 2022, the Prescribed retirement age is 65 |
+| 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.
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