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Anonymous

06 Jan 2021

∙

Hi, if I were to put my money into my mom’s CPF OA at 2.5% interest, when my mom is at the retirement age, can she withdraw the money with no cap?

Hi

I'm a working adult while studying part time. I thought of topping up my mom’s CPF and to let it grow so as she can take it out when she reaches her retirement age.

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Jiayee

06 Jan 2021

Salaryman at some company

Can only withdraw the remaining monies after FRS (it's FRS right?) gets transferred to RA. So if her balance is less than FRS, everything will go to RA at age (55?) and it's a one-way trip.

Personally, I don't use my parents' CPF for my own finances as it gets messy and troublesome (need their SingPass).

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Does the interest i received from CPF goes to my OA or SA account for compounding during age 55 to age 60 which i nv withdraw my excess?

If parents are above age 55, should they withdraw money from CPF to pay for housing in order to avoid incurring accrued interest? Instead of using CPF to pay directly.?

Hi Seedly! If i have $100k in CPF OA and dont have use for it, should I put everything into 6 months tbills? Im looking for safe investment and more than cpf interest %. Thanks for advices!!

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