facebookIs 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? - Seedly

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          Anonymous

          16 Jun 2021

          Retirement

          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.

          6

              Discussion (6)

              What are your thoughts?

              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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                  Heng Kai Le

                  Heng Kai Le

                  09 Jun 2021

                  Level 10·Blogger at diaperfinancingfund.blogspot.com

                  This is actually what I'm doing these days! But I'm motivated to do so because I haven't hit my FRS yet. When I hit this FRS, I will pivot and use this spare cash to invest in the market.

                  Good luck!

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                      Musyaffaq

                      Musyaffaq

                      31 Dec 2020

                      Level 7·Business Studies Graduate at Ngee Ann Poly

                      I think need to know more information. For me, I would ensure emergency fund is enough to last a few...

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