BRS: $106,500
FRS: $213,000
ERS: $426,000

Short term: 2.5% 
Long term: 4.08% (SA, RA,MA)

Implementation date will be shared in the second half of 2024.
(should be Q1 2025)

Yes, your SA account will be closed in 2025 in line with the recent
announcement. Monies in your SA account will be transferred to RA (if you
have not met FRS) and any excess amount will be transferred to OA.

You will not be immediately affected. Your SA will only be closed when you
turn 55 when your RA is created.

If met FRS, nothing will happen.
If still have shortfall in RA to achieve FRS, 1 month before 65 birthday, CPF
Systems will auto transfer OA to RA to achieve FRS so that can boost CPF Life
payout.
Best advice: Go to CPF Office 3 months before age 65 to understand this 2nd sweep

No point doing so as the SA account will likely be close in early 2025 which
means you will not be gaining much benefit from shielding taking into
consideration of the paperwork and risk involved.

With the closure of SA in 2025, CPF contributions that go to the SA currently,
will be fully allocated to your RA instead, up to the FRS, to boost retirement
payouts.

If you have met FRS in the RA, these contributions will then be allocated to
your OA account.

With the closure of SA in 2025, proceeds from CPF investment of your SA
account will be fully allocated to your RA instead, up to the FRS, to boost
retirement payouts.

If you have met FRS in the RA, these proceeds will then be allocated to your
OA account.

No, you cannot choose to allocate more SA savings or your future RA
contributions to your OA to service your housing/education loan, etc. If you
have not met your FRS, savings in your SA will be allocated to RA, up to the
FRS.

If you have met FRS, then the savings will be allocated to your OA.

You will be notified AFTER your SA has been closed . You will also be able to
check your CPF statement for the amounts that have been transferred from
your SA to your Retirement Account and Ordinary Account.

Only if you have met your FRS in your RA, then your SA money will be
transferred to OA.

You can withdraw part of your RA savings (excluding interest earned, any
government grants received and top ups to your retirement savings) down to
your BRS if:

• You are 55 and above;
• You own a property* with remaining lease that can last you to at least 95;
and
• The expected CPF housing refund (if you have used CPF for property or if
you pledge your property) is able to restore the withdrawn amount or
your RA to your FRS when you sell/transfer the property in the future.

* Including studio apartments, and flats bought under the short
lease 2 room Flexi scheme.

Best advice: Go to CPF Office 3 months before age 65 to
understand this 2nd sweep.