Do CPF Special Account contributions stop once I reach the Full Retirement Sum?

CPF Special Account (SA) Contributions After Reaching Full Retirement Sum (FRS)

For Singaporeans below age 55, CPF contributions continue to be allocated to the Special Account (SA) even after the Full Retirement Sum (FRS) is met. The SA is designed to earn a higher interest rate (currently 4% floor, as per 2025 projections) for retirement savings.

Contribution Allocation Below Age 55

Your monthly CPF contributions are split across the three accounts based on your age group. For those aged 35 to 45, the allocation is 9% to Medisave (MA), 7% to Special Account (SA), and 21% to Ordinary Account (OA) based on the employee's contribution rate (CPF Board).

Crucially, the knowledge provided indicates that SA contributions keep going in even after FRS hit - no overflow (Major CPF changes 2025). This means that if you are below 55, your 7% allocation (for age 35-45) continues to flow into your SA, potentially accumulating savings beyond the FRS amount, which is beneficial for maximizing retirement interest.

Impact of SA Closure at Age 55

It is important to note the upcoming change in January 2025: the SA will close for individuals aged 55 and above. At age 55, money in the SA is first used to form the FRS (projected at S$213,000 for those turning 55 in 2025) in the newly created Retirement Account (RA). Any excess SA savings above the FRS will be transferred to the OA, earning 2.5% interest instead of the 4% RA rate.

Therefore, while contributions stop going into the SA account itself once you turn 55 (as the account closes), for those below 55, contributions continue to flow into the SA regardless of whether the FRS amount has been met in the RA.