Anonymous

30 Jun 2019

∙

My mum has set aside FRS, can she still topup SA or OA for the higher interest rate and be able to withdraw anytime?

My mum has set aside FRS, can she still topup SA or OA for the higher interest rate and be able to withdraw anytime? Scared later top up SA then not allowed to anytime withdraw

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Elijah Lee

30 Jun 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Yes she can. Once you are 55, you can withdraw OA/SA anytime if you have set aside FRS. However, do note that any cash top ups would be distributed to the 3 CPF accounts in the allocation that is designated for her age band.

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I am already 55, and have done my CPF ERS. Since I am still working and have contributions to my CPF SA and OA, may I know can I still transfer my CPF from OA to SA to earn higher interest rate?

Any difference between VC3A and housing refund if I have hit FRS and BHS? Will I be able to withdraw the topups from OA anytime if I am above 55?

For CPF member above age 55 and reaching FRS. Are member allow to withdraw the balance Interest earned from OA (Year of withdrawal) before touching on the principal sum in the SA?

Is it advisable to transfer all the funds from your OA to SA to earn the higher interest rate to grow our CPF funds? Are there any things that I have to be mindful of before doing so?

Many seem to recommend transferring money from CPF OA to SA for higher interest rates, what kind of people should do that?