JuniorLion
Supremacy Member
- Joined
- May 15, 2017
- Messages
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My uncle turned 55 in 2008. Then, 50k was drawn from his SA and placed into CPF Life and he chose CPF Standard Plan.
From his latest statement (Jan 2018), I noticed that he still had some money in his SA (around 9k) and a sum of money in his RA (around 15k).
1) What happens to these monies when he turned 65 in May next year?
2) Can he transfer his OA to his SA now in order to earn higher interest? Will his SA be locked in?
3) Can he withdraw from his SA?
From his latest statement (Jan 2018), I noticed that he still had some money in his SA (around 9k) and a sum of money in his RA (around 15k).
1) What happens to these monies when he turned 65 in May next year?
2) Can he transfer his OA to his SA now in order to earn higher interest? Will his SA be locked in?
3) Can he withdraw from his SA?