Hi,
1) It is unclear of your definition of retiree.
2) Because the current retirement age is at 70 years old instead of the former 65 years old.
3) I shall assume you are at or above 55 yrs old now.
4) The funds in SA and/or OA will move to a new account known as Retirement Account (RA).
5) If you already set aside your FRS. The funds received from the sale of the flat will go into your OA.
6) If you have not matched your FRS, the funds received from the sale of the flat will be utilized to match your FRS.
7) If your situation is (5), then you may shift your funds from OA to SA subject to CPF board approval.
Hope the above answer your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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