Curiousful

22 Oct 2020

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If I transferred my CPF OA money to my mother's CPF RA, how much am I required to pay for accrued interest?

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Hariz Arthur Maloy

22 Oct 2020

Independent Financial Advisor at Promiseland Independent

None. Accrued interest only exists when using OA to buy property or pay for education.

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Related Posts

I withdrawn abt SGD9,250 from my CPF OA Account to invest in T-Bill. Required advise on how much I need to transfer from my DBS CPF Investment Account back to my CPF OA when the T-Bill matures.

During BTO key collection, can I indicate to pay the mortgage using CPF-OA funds but repay my CPF-OA using cash every month / year? Will there still be accrued interest if I repay using cash monthly?

If parents are above age 55, should they withdraw money from CPF to pay for housing in order to avoid incurring accrued interest? Instead of using CPF to pay directly.?

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?