Recently, rumors have circulated about a $1,800 cash payout for first-time CPF withdrawers in Singapore.
The Central Provident Fund (CPF) is Singapore’s national savings plan designed to help citizens and permanent residents build retirement, healthcare, and housing savings.
While CPF withdrawals are allowed under specific circumstances, it’s important to separate fact from fiction regarding this latest cash payout claim.
Here’s the real story and everything you need to know if you’re considering a CPF withdrawal in 2025.
CPF Withdrawal and Cash Payout News
The CPF Board (CPFB) allows withdrawals under controlled conditions.
The $1,800 cash payout buzz mainly applies to:
- First-time CPF withdrawers
- Individuals with serious medical conditions reducing life expectancy
- Members permanently incapable of working or lacking mental capacity
While there’s no official confirmation from the government regarding a broad $1,800 payout for all first-time withdrawers, there are structured withdrawal options available for those meeting strict criteria.
Quick Facts Table: CPF Withdrawal Highlights
| Topic | Details |
|---|---|
| Minimum Age for Withdrawal | 55 years |
| Lump-Sum Withdrawal Option | 20% of Retirement Account savings after 65 |
| Daily Withdrawal Limit | $2,000 (default, adjustable up to $200,000) |
| Special Medical Withdrawals | Allowed for critical illnesses, disability, mental incapacity |
| Payment Timeline | Within weeks after successful application approval |
Eligibility Criteria for CPF Withdrawals
You may qualify for CPF withdrawal under the following conditions:
- Citizenship Status:
You must be a Singapore citizen or permanent resident. - Medical Condition:
Individuals certified by an accredited doctor to have reduced life expectancy or permanent inability to work. - Mental Capacity:
Applicants diagnosed with permanent mental incapacity under the Mental Capacity Act. - Emigration:
CPF savings can be withdrawn if you permanently leave Singapore or West Malaysia with no intention of returning. - Death of Member:
CPF savings are released to nominated beneficiaries or next-of-kin upon a member’s death.
How to Apply for CPF Withdrawal
There are two ways to apply based on whether you are applying for yourself or on behalf of a next-of-kin:
Applying for Yourself
- Log in to the official CPF portal using Singpass.
- Submit an online application for withdrawal.
- Download the Medical Assessment Report form, have it completed by a licensed doctor.
- Submit the medical report directly to CPF Board through your medical institution.
- For overseas applicants, ensure documents are witnessed by a Singapore Overseas Mission.
Applying as a Deputy (for Next of Kin)
- Submit the form with a copy of your NRIC and attach:
- A medical report from a licensed doctor.
- A valid Lasting Power of Attorney or Court Order.
- Bank account statements held in trust.
Default Withdrawal Limits and Security
- Daily Withdrawal Limit:
Default is $2,000 per day. - Adjusting Limits:
You can increase your limit up to $200,000, requiring Singpass Face Verification (SFV) and a 12-hour cooling-off period.
This system ensures security and prevents unauthorized transactions.
The buzz around the $1,800 CPF cash payout highlights the growing interest in CPF withdrawals, especially among Singapore’s aging population.
Although no broad payout has been officially confirmed, first-time and medically eligible CPF withdrawers can still access their savings through structured applications.
It’s essential to stay updated through the official CPF Board website and not rely on rumors.
If you meet the eligibility conditions, submitting your application properly ensures you can access the support you need — safely and efficiently.
FAQs
Is there an official $1,800 CPF cash payout for first-time withdrawers?
There is no formal announcement yet; withdrawals still depend on specific eligibility conditions like age and health.
What happens if I withdraw CPF savings before age 65?
At 55, you can withdraw a portion if you meet conditions; after 65, you can withdraw 20% of Retirement Account savings.
How long does it take to receive CPF funds after approval?
Generally, you can expect to receive payments within a few weeks after approval and verification.