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BKJRLee16

Mechanical Engineering at Ngee Ann Polytechnic

09 Jun 2020

∙

My flat is 70% paid up. My CPF OA is 10k, SA is 60k. By year end I will be 55. Can I still use 20k of my SA to invest before my RA is created? If yes, what are some of the investments to go for short term?

Any advice? Thanks!

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Tay_WenHao

09 Jun 2020

Hi, you can use SA (20k) to invest but there's hardly any investments that give you higher than 4/5% p.a.

If you are doing the SA Shielding, it doesnt really work cus your balance in SA 40K + OA $10K doesn't meet the minimum BRS.

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Turning 48 here, oa -0 (paid flat) sa-60k ma-54k this month onwards cpf contri oa -1150 sa-500 oa-480 ma-600 when i 55. with this can I hit the FRS how much every month do i need to top up?

Should priority be given to clear our HDB housing loan using cash (which can be paid off from the CPF OA over 20 years), or to use this cash for investment or CPF top-ups to the SA ?

I am 45. OA is $110k, SA is $190k & MA is $61k. Has $15k invested in STI ETF thru SRS early this year. My flat is fully paid up using OA. Gross salary is $9k. Haven't done any retirement planning.

If > 55, and RA is at ERS for the year, MA and SA also maxed - if withdraw from OA then VC back, will the VC sum still be split into OA and VA? What if SA was maxed but then some got trf to RA at 55?

CPF member age 55 (RA @ ERS)(MA @ BHS) Shielding SA may lead to 86.54% (Age 55-59) of contribution allocate to OA, locked-in & behind SA. Are there any useful options to manage the lock-in fund in OA?

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