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Anonymous

03 Jan 2021

CPF

Should I transfer $100k from my CPF OA to SA to earn interest to maximise my retirement funds?

Happy New Year! My house is fully paid off My RA = FRS My son going Uni in 2022, My daughter in P6 in 2021, I have $150k in OA, I want to transfer $100k to my SA to earn interest Is this advisable?

Discussion (2)

What are your thoughts?

Jiayee

Jiayee

03 Jan 2021

Level 11·Salaryman at some company

If you already have RA, is it even possible to transfer from OA to SA? If it is possible, then yes you may proceed. OA is used for housing and children's education but personally, I'm not keen to put my children's CPF in debt.

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