Hi guys, I achieve the FRS when I hit 55, is it advisable to do a monthly transfer of the balance of my monthly CPF OA contribution to my CPF SA after the mthly deductions for my HDB loan repayment?

That's what I did. But I was really confident that I wouldn't use my CPF OA for anything else, not even for my child's college payments haha

Hi Ting Han,

Transferring your Ordinary Account (OA) savings to your Special Account (SA) is only available for members below 55 years old who do not have a Retirement Account (RA).
For members aged 55 and above, you can transfer your SA, followed by your OA savings to your RA to build up your retirement savings, up to the current Enhanced Retirement Sum. Doing so will help to build your retirement savings to give you higher monthly payouts from age 65.
You can try using this online tool to estimate the payouts under CPF LIFE: https://www.cpf.gov.sg/eSvc/Web/Schemes/LifeEst...

Do note that transferring your SA/OA savings to your RA cannot be reversed, so you should take into account your personal circumstances to see if it’s the right move for you.

Thank you.