facebookI just turned 65, started CPF Life payout of $1,800. Should I transfer my OA funds to SA for AMP? - Seedly

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Anonymous

18 Oct 2020

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CPF

I just turned 65, started CPF Life payout of $1,800. Should I transfer my OA funds to SA for AMP?

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Hariz Arthur Maloy

18 Oct 2020

Independent Financial Advisor at Promiseland Independent

Hi Anon, after age 55, you cannot transfer OA to SA but you can transfer OA to RA however up to the Enhanced Retirement Sum only.

You can do this to get a higher monthly payout but you lose flexibility to withdraw it as a lumpsum.

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