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Anonymous

22 Dec 2020

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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?

Can I transfer my CPF from OA to SA to earn higher interest rate?

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Ryan

22 Dec 2020

No. You cannot transfer from OA to SA after 55. Only to RA up till ERS.

https://www.areyouready.gov.sg/YourInfoHub/Page...

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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?

CPF member age 55 (RA @ ERS)(MA @ BHS) Shielding SA may lead to 86.54% (Age 55-59) of contribution allocate to OA, locked-in & behind SA. Are there any useful options to manage the lock-in fund in OA?

Should I a) use my CPF OA funds to invest in Endowus or b) transfer my OA balance into SA to earn 4% interest? (Assume house is already bought and no other use for OA funds)?

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?

Many seem to recommend transferring money from CPF OA to SA for higher interest rates, what kind of people should do that?

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