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--- mywiki:cpf [2025/08/09 12:35] – [CPF OA/SRS withdraw Notes] gshao
+++ mywiki:cpf [2025/08/09 14:24] (current) – [CPF OA/SRS withdraw Notes] gshao
@@ Line 3: / Line 3: @@
 ====== 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 | First contribution **before** 1 July 2022, the Prescribed retirement age is 62 \\ First contribution **after** 1 July 2022, the Prescribed retirement age is 65 |
+| SRS withdraw | on and after the Prescribed/statutory retirement age (spread over 10 years) |
-Note for SRS withdraw: [[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 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 | 5% penalty imposed? |
+| 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 |
+| 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 |::: |
+|::: | 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 full due to terminal illness | 50% of full withdrawal sum less an exempt amount of up to $400,000 |::: |
 |::: | 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.