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Anonymous

30 Sep 2021

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Is it feasible to transfer 15k from OA to SA? I have 20k in my OA + 20k EHG.

I am due for my 2nd HDB appointment to pay for my BTO downpayment soon, and I qualify for the staggered downpayment scheme.

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CH

03 Oct 2021

Have you calculated after transfer will you have enough for downpayment, miscellaneous fees? how about mortgag payments? during the day of the appointment, hearsay that the officer will push for add ons. will you have enough? are you prepared to say no if you don't want?

hope this helps.

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Related Posts

I am currently transferring OA to SA regularly. OA 20k, SA 13k. When should I stop and allow OA to accumulate? Upon reaching 60k mark? (Meaning SA 40k)?

Is it advisable for a 25 year old to transfer some of their OA( OA above 20k) into SA to aid in reaching 1M65 when they are buying a bto flat 5 room (price 350k & no grants) in 4 to 5 years time?

should i transfer my OA to SA to quickly hit the minimum so that whatever overflows from SA and MA will go into OA for my second property? I have hit my MA recently and my OA + SA is around 100k

Whats your thoughts on transferring from OA to SA to let SA compound vs don't transfer but top up 7k to SA per year to enjoy tax relief 7% till FRS. Which option has more value?

If I am confident of finding future mortgage payments (in 3-4 years’ time) from my monthly income/savings, should I do a full OA to SA transfer now and continuously empty my OA balance into SA?

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