CMFAS RES5 CPF & CPFIS question: set up at the FRS

CMFAS RES5CPF & CPFIS

Chandra turns 55 in 2024, when the Full Retirement Sum (FRS) is S$205,800. At that point he has S$150,000 in his Special Account (SA) and S$120,000 in his Ordinary Account (OA). After his Retirement Account is set up at the FRS, how much remains in his OA?

A S$150,000
B S$64,200
C S$120,000
D S$55,800

Show the answer and explanation

Answer: B. S$64,200

At 55 the RA is filled from SA savings first, then OA, up to the FRS. His SA S$150,000 all moves in, leaving S$205,800 - S$150,000 = S$55,800 to be drawn from the OA. OA remaining = S$120,000 - S$55,800 = S$64,200 (SA is now S$0).

Common mistake

Drawing the FRS from the OA first would leave the SA untouched and the wrong OA balance — the order is SA before OA.

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Original study material mapped to the public CMFAS RES5 syllabus. Unofficial, not endorsed by MAS or SCI. Verify figures and rules against current guidance before relying on them.