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Anonymous

Edited 18 Jun 2023

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Based on my situation, should I transfer some of my OA to SA, or better to invest it? What should I consider, and how do I calculate?

30; OA 85k, SA 30k, MA 55k

Not using OA in near future, may need for housing from 2028 onwards
Currently topping up MA, may top up SA for tax relief after MA is maxed

Thinking if I should transfer a portion of OA to SA, or invest it with Endowus. What should I consider, and how do I calculate? Any advice?

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Just_Saying

23 Jun 2023

I will not do transfer so that i have longer window before hitting FRS to enjoy the tax relief from SA topup. So my best bet is to do short terms invest/t-bills with OA before i need them in 2028.

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SH

20 Jun 2023

If im in your situation, and i need OA money from 2028 onwards, perhaps i will invest it with endowus in low cost world etf or us etf.

But if i do not need cpf oa money in near future within next 8-10 yrs, i will definitely transfer OA to SA to max up the 4% interest rate.

Doing cah top up to MA and SA is a good idea, can relief tax and build up cpf SA.

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LLy

19 Jun 2023

My personal opinion is, if you have catered a pool of money for retirement, then it's no harm transf...

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