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Loh Tat Tian

Founder at PolicyWoke (We Buy Insurance Policies)

18 Nov 2019

∙

How do I help my mum to earn higher interest in CPF SA, while she's having less than $20,000 in her RA/Medisave combined in CPF?

I am trying to help my mum have more liquid money while earning higher interest. And since Paynow can be used, I figure it can be a bank account for my mum. But I am worried that CPF will transfer available funds to make up her BRS instead. She wants the liquidity.

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Kelvid Pang

07 Jun 2019

You may have to strive the balance and think which one is your priority.

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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?

Will you transfer your CPF OA money to CPF SA to earn a higher interest, if say you dont really need them for housing purposes?

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What is the reason why CPF say by topping up your CPF SA in January each year earn more interest? Does that mean other month I will earn less interest?

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?

Will you transfer your CPF OA money to CPF SA to earn a higher interest, if say you dont really need them for housing purposes?

Is it advisable to transfer all the funds from your OA to SA to earn the higher interest rate to grow our CPF funds? Are there any things that I have to be mindful of before doing so?

If I have $70,000 in my CPF OA & SA, does shifting $10,000 into CPFIS for investment makes the balance of $60,000 eligible for that additional 1% interest? ?

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