OA - $800k and Cash S$200K - recommendation

With this amt - maybe choose safer options.

Actually you effectively have $1mil cash because once you are 55, and have your RA set aside, the your OA is a Paynow away.

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You have to think if you are able to better the 2.5% OA pays. If yes and consistently, Then take some of the OA out to invest. Using CPFIS has limitations such as limited stock you can purchase and also fees with regards to using CPFIS. If you can have a consistent 6% return on your $1mil, that is $60k per year which is usually enough for a normal person's lifestyle.

Thanks for sharing

I think you could be clearer in your age, as seen from some replies, there are divided views whether you are above 55 yo or not 😅

I'm assuming your "migration" refers to closure of SA, hence above 55.

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If you intend to & can continue to work for 10 more years, it means your savings will remain untouched & your insurance likely covered under employee benefits. I agree with most that you can invest your money into stocks for a higher retirement pool.

However, if your job is not guaranteed, ie you don't have control to when you can stop working, then it's better to safekeep this amount in a lesser risk, capital-guaranteed means like SSBs, Tbills & FDs.