16 Jun 2021
Is it a good move to save spare cash thru (1) first making voluntary housing refund to CPF OA, then (2) transferring the sum from OA to SA?
The house is fully-paid and owners do not have plan to upgrade. Comparatively SA's 4% pa looks attractive as FD interest is low.
Housing refund is ok. Because you can get rid of accuring interest from your property. If you plan to sell your property in the future. However, if you going to live there for the rest of your life, no sense.
OA to SA very bad move. Because of 4% u locked your money till 55. And is irreversible process. Unless you are near 55?
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I think need to know more information. For me, I would ensure emergency fund is enough to last a few...
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