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Anonymous

18 Apr 2019

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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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Hariz Arthur Maloy

31 Mar 2019

Independent Financial Advisor at Promiseland Independent

It's already getting the additional 1% interest right now. Don't have to do anything. First 20k of OA is at 3.5% and first 40k of SA is at 5%.

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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)?

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My flat is 70% paid up. My CPF OA is 10k, SA is 60k. By year end I will be 55. Can I still use 20k of my SA to invest before my RA is created? If yes, what are some of the investments to go for short term?

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