Cpfb rfm 2025

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You can apply to withdraw your CPF savings from age 55 onwards.
Starting February 2024, CPF contributions paid in excess of the CPF Annual Limit for the preceding year will be automatically refunded to the employer.
You can choose to receive your CPF savings in three ways when your CPF account is closed: Bank transfers via Interbank GIRO (IBG) to your Singapore bank account. Telegraphic transfer to your bank account overseas. Please ensure that the bank accepts payment in Singapore dollars. Cheque.
You can also withdraw your CPF in full if you are about to leave or have left Singapore and West Malaysia permanently with no intention to either country for employment or residence.
From 1st January 2025, the CPF monthly salary ceiling was raised to S$7,400 from S$6,800. The final increase will occur on 1st January 2026, bringing the monthly ceiling to S$8,000.
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People also ask

If you have wrongly paid CPF contributions, you can apply for a refund for the entire submission. If you have made excess contributions on Additional Wages (AW), you can apply for a refund on the excess contributions paid above the AW ceiling.
Used wrong wages for CPF computation Paid contributions due to wrong classification of wages, calculation error etc. Submitted wrong contributions amount Indicated wrong contributions amount during submission due to the usage of previous months CPF submission template, data entry error etc.
How can I withdraw my CPF savings? You can apply for withdrawal of your CPF savings from 55 by submitting an online application. If you do not need to withdraw immediately and want to disable online CPF withdrawals, you can activate the CPF Withdrawal Lock under Account Settings.