Invest or perform voluntary housing refund

I have $60k cash lying around. It is really spare cash separate from emergency/rain day savings. Should I invest the cash or use the cash to perform voluntary housing refund to CPF OA and then transfer to CPF SA?

for the first 10 years, I have been using CPF OA to make mortage repayments. Since Jan 2021, I have been using cash instead and transferring any balance in excess of $20k from CPF OA to SA.

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Foodie Jo

24 Aug 2021

If you have no better use of cash, and you have kept some cash as your rainy day backup, it might be a good idea to perform voluntary housing refund so that you can earn 2.5% interest on your cash.

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BAhmed

13 Aug 2021

On a separate note, if you’ve extra cash in OA, instead of transferring to SA you may invest in some eligible funds like S&P 500 or robo. Otherwise if you maxed out the FRS in SA, you will not be able to transfer anymore, on the contrary any new contribution will start flowing to OA.

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Ngooi Zhi Cheng

13 Aug 2021

Student Ambassador 2020/21 at Seedly

Hi, it depends on your investment returns. Are you able to achieve higher than 2.5% p.a? If so my pr...

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