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Anonymous

17 Dec 2020

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Has anyone done this before - top up their parents SA before they turn 55 with an X amount, and then when their parents turn 55, withdraw the amount out together with interest earned?

Am thinking if doing this, top up my parents SA and then when they turn 55 withdraw the amount out + 4% interest. I wonder if anyone has done this before?

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Jiayee

17 Dec 2020

Salaryman at some company

Top-ups are "reserved" and cannot be withdrawn. But, after your top-up, if your parents' accounts end up going beyond the FRS when they are 55, then you can withdraw the overflow.

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For CPF, after age 55, can top-up any amount in SA account to earn the 4% interest rate, eg $50k? And afterwhich can withdraw any amount anytime? Or have to top-up just below age 55?

Age 35. OA: 50K, SA: 200K, MA: 65. Can i still do RSTU to get tax relief of $7k? Can i still do VC (there is no cap for VC right?) If i do VC, will whatever amount i top earn earn interest?

For CPF member above age 55 and reaching FRS. Are member allow to withdraw the balance Interest earned from OA (Year of withdrawal) before touching on the principal sum in the SA?

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?

I am 54 years old. If my son tops up my CPF this year, will I be able to withdraw it next year beyond the BRS. And possible to use CPF as a fixed deposit yearly plan to earn interest after 55?

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