Hi! I bought my BTO flat 3 years ago and have cleared my OA. I do not intend to sell my flat. I'm thinking of my retirement plan now. Shall I top up my SA account as part of my retirement plan?

Hello there!

I'm assuming that you're young since you got your BTO flat 3 years ago and cleared OA. (my apologies if I got it wrong!)

A lot of us are apprehensive when it comes to topping up our CPF accounts, especially when we're young and it seems like we're locking up our money.

I think this depends on your investment appetite, and whether you feel you would get a higher rate of return via other forms of investment.

Personally, I think this is a great way to build up your retirement savings. It's not easy to find something as stable and gives such good returns (imo!).

Imagine you're 30 and topped up $10,000 in your SA. This will grow into $26,658.36 if compounded at 4%!

So with that, I would treat this top-up as the bond component of my retirement portfolio. :)​​​

You can consider topping up your SA with excess cash after paying off liabilities (housing, education, car loans) for tax relief and wealth accumulation.