Anonymous

13 Apr 2020

∙

Should I transfer all my CPF money from OA to SA?

2

Post Merged

This post is no longer accepting new comments because it has been merged with 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?

View our community merged guideline

Discussion (2)

Loo Cheng Chuan

07 Nov 2018

Founder at 1M65 Movement

It is too blanket a question and it really depends on quite a few factors:

a. Have you at least have a sum catered for the deposit of your HDB flat?

b. Have you catered for 3-6 months of mortage payments for your housing loan (if you dont have enough cash savings for a rainy day)?

b. Have you decided that 1M65 is the way to go for your millionaire dream?

if the answer is yes, I would do it if i were you.

Reply

Save

Yixiong Chang

07 Nov 2018

IF you do not intend to use your OA money (eg. for housing), Yes transfer to SA for higher interest rate.

Do u know u can top up your special account with cash to earn tax relief and enjoy the guaranteed 4% rate?

Reply

Save

Write your thoughts

Related Posts

Anybody here transfers your money from CPF OA to CPF SA?

Will you transfer your CPF OA money to CPF SA to earn a higher interest, if say you dont really need them for housing purposes?

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

Is there a limit how much I can transfer money from my CPF OA to SA? How do I do so and how long for it to take effect?

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?

Related Posts

Anybody here transfers your money from CPF OA to CPF SA?

Will you transfer your CPF OA money to CPF SA to earn a higher interest, if say you dont really need them for housing purposes?

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

Is there a limit how much I can transfer money from my CPF OA to SA? How do I do so and how long for it to take effect?

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?