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CH

03 Jan 2021

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Is it possible to transfer CPF OA to MA?

CPF Basic Healthcare Sum was increased from $60000 to $63000 on 1 Jan 2021. Last year I have $60000 balance in MA and the interests on $60000 was transferred to OA. Why can't CPF just let the interest remain in MA since it is already known that it will increase. Any way I can reverse the transfer (OA -> MA)?

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Wrong Sean

03 Jan 2021

The CPF interest is technically paid on the last day of the year so the limit for 2020 applies.

As YJ mentioned, if the interest from MA flows to OA instead of SA, it means you have FRS in your SA.

There is no way to transfer from OA to MA.
You can choose to top up your MA with cash or wait for your compulsary contributions to max out the BHS limit again.

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BAhmed

03 Jan 2021

Coz it’s considered as the money earned on 2020 when the limit was still 60K. You may top up MA 3k in the first 2 weeks to get tax benefits unless your total CPF contri is <~37K for 2021.

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1M45

03 Jan 2021

You maxed your SA? That why flow to OA? You are too rich govt dont want to continue to give you 4%😆...

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