Age 55 is a key milestone for many Singaporeans, who look forward to withdrawing part of their CPF savings for immediate needs. In this video, Prime Minister Lawrence Wong shares his thoughts about the CPF system and the principles behind its design to cater to the diverse needs of Singaporeans while safeguarding their retirement adequacy. Find out more in the full video series: cpf.gov.sg/BehindSingaporesCPF #CPFBoard #BehindSingaporesCPF #Retirement | CPF Board

We are working hard with CPF Board to help protect you against potential CPF scams! Since 30 Nov 2023, CPF members aged 55 and above will have a default online CPF withdrawal limit of $2,000/day, which can be adjusted from $0 to $200,000. CPF members who wish to disable online withdrawals can activate the CPF Withdrawal Lock to instantly set the Daily Withdrawal Limit to $0. To increase the Daily Withdrawal Limit or re-enable online withdrawals, members can do so with #Singpass Face Verification