Can you use your CPF to repay housing after 55?

Can you use your CPF to repay housing loans after 55?

Whether your CPF can be used to repay housing loans after 55, depends on how much CPF savings you have at 55, and how much you have already used for housing. 

The CPF Investment Scheme (CPFIS) has a minimum sum reserve first S$20,000 for Ordinary Account (OA) and first $40,000 for Special Account (SA).

When you turn 55, a Retirement Account (RA) is created using savings from first your Special Account, then Ordinary Account (OA) to meet the Minimum Sum (MS - $148,000 currently) relevant to your cohort. While the MS provides monthly payouts from your draw down age, the balance in your OA can be used for housing loan repayments. 

Members who are able to set aside more than half of the MS, will be able to use the amount in excess of half of the MS for housing loan repayments. 

For example: 


If you continue working after 55, your CPF OA contributions can also be used for housing loan repayments. 

However, housing withdrawal limits may apply. This is to safeguard members from overspending on their housing loan repayments at the expense of their retirement savings.

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Distributing your CPF according to your wishes

Did you know? 

• Your Medisave Account savings are covered under CPF Nomination, in addition to those in your Ordinary, Special and Retirement Accounts.


• If you do not make a CPF Nomination, your CPF savings will be distributed to your loved ones according to the applicable intestacy and inheritance laws.


• When you get married, any CPF Nomination made before marriage will be revoked.


• You need two witnesses to make a CPF Nomination. Our customer service executives at our Service Centres can be your witnesses.

Find out how you can distribute your CPF savings according to your wishes with our 5-minute webcast.