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Anonymous

03 Sep 2020

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If I top up my spouse account up to FRS from 20 K , At her age 55 Can she choose to select BRS with property pledge and remaining money in SA account.?

If I top up my spouse account up to FRS from 20 K , At her age 55 Can she choose to select BRS with property pledge and remaining money in SA account.

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Hariz Arthur Maloy

03 Sep 2020

Independent Financial Advisor at Promiseland Independent

Any RSTU top ups will be specifically set aside for CPF Life and go straight into the RA account at 55. So it can't be shielded from investments or even by a property pledge.

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If i have property, and i have met FRS in my SA, can i withdraw the sum above BRS once i hit 55, or do i have no choice but to leave FRS since i have met the sum?

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Related Posts

If my CPF SA account is already at FRS ($181k), can i deploy or invest some money from SA account so that the SA sum is below FRS amount and then top up $7k cash to qualify for tax exemption?

If my FRS is already full and I am less than 55 years old, am I allowed to top up to ERS? Or do I need to wait for RA account to be formed at age 55 then I am allowed to top up RA account to ERS?

For CPF, after age 55, can top-up any amount in SA account to earn the 4% interest rate, eg $50k? And afterwhich can withdraw any amount anytime? Or have to top-up just below age 55?

If i have property, and i have met FRS in my SA, can i withdraw the sum above BRS once i hit 55, or do i have no choice but to leave FRS since i have met the sum?

47 years old, 2k in oa and 64k in sa, and 55k in ma, 25k to pay off hdb loan how much must I have in sa to reach the frs at age 55? and once u hit the frs at age 55. u still only can take out 5k?

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