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Anonymous

13 Nov 2019

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But since we can transfer money from our OA to SA anytime we want, how does it differ from this method?

The idea that SA will grow more than OA after the FRS is set aside is true. But if I want the 4%, I can always transfer what's left in my OA to my SA, no?

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Elijah Lee

13 Nov 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Hope I'm understanding your question correctly.

OA to SA transfer is not allowed after 55. You can only transfer to RA. Thus the shielding 'trick' must be applied prior to 55 for maximum benefit.

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Hariz Arthur Maloy

13 Nov 2019

Independent Financial Advisor at Promiseland Independent

I'm assuming this is a question on SA shielding.

Trannsfer from OA to SA after 55 is not allowed. Thus you want to make sure as little SA is used to form RA.

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I am already 55, and have done my CPF ERS. Since I am still working and have contributions to my CPF SA and OA, may I know can I still transfer my CPF from OA to SA to earn higher interest rate?

What is the difference between topping up directly to my SA vs transferring OA to SA? How will this affect me eventually if my SA is still increasing by 4% either way?

I'm 35 with 2 kids (P1 & K1), we have fully paid up our 4 room hdb flat with OA, now we are slowly building up our OA, thinking since now we do not have any use for OA, is it wise to transfer to SA?

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Related Posts

I am already 55, and have done my CPF ERS. Since I am still working and have contributions to my CPF SA and OA, may I know can I still transfer my CPF from OA to SA to earn higher interest rate?

What is the difference between topping up directly to my SA vs transferring OA to SA? How will this affect me eventually if my SA is still increasing by 4% either way?

I'm 35 with 2 kids (P1 & K1), we have fully paid up our 4 room hdb flat with OA, now we are slowly building up our OA, thinking since now we do not have any use for OA, is it wise to transfer to SA?

Hi Loo, many may not want to transfer OA to SA because they might want to upgrade swelling in future. U don't plan to move out of your hdb?

Will I be able to withdraw the money transferred from OA to SA assuming FRS is reached at 55 and the "extra" amount happens to be the amount transferred?

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