PSEA Balance Transfers to CPF Ordinary Account at Age 31 and Uptake of Subsequent Education or Reskilling

Name and Constituency of Member of Parliament

Mr Victor Lye, Ang Mo Kio GRC

Question

To ask the Minister for Education (a) what proportion of Post-Secondary Education Account (PSEA) balances are transferred to CPF-OA upon reaching age 31; and (b) whether the Ministry has studied how many individuals subsequently undertake education or reskilling after age 31.

Response

1. Any remaining balance in Post-Secondary Education Accounts (PSEAs) is transferred to the member’s CPF Ordinary Account when the PSEA account is closed upon reaching age 31. Last year, about 2/3 of the accounts had balances which were transferred to the members’ CPF-OA.
2. Many individuals continue to pursue education and reskilling after they enter the workforce, with substantial support from the Government. In 2025, around 500,000 individuals aged 31 and above participated in SSG-supported training. Individuals can tap on SkillsFuture Singapore’s (SSG) course fee subsidies of up to 70%, as well as SkillsFuture Credit to defray the out-of-pocket costs of training. Mid-career workers aged 40 and above can also tap on the SkillsFuture Level-Up Programme (SFLP) to pursue a substantive skills reboot. These initiatives ensure that individuals have continued access to quality training and reskilling opportunities throughout their career.