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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?
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Loo Cheng Chuan
07 Nov 2018
Founder at 1M65 Movement
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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?
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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.