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? - Seedly
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Anonymous

Asked on 21 Jun 2020

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?

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Tay WenHao
Tay WenHao
Level 7. Grand Master
Answered on 23 Jun 2020

VC3A goes to 3 accounts. Housing refund only refunds to your OA.

You will be able to withdraw all amount above FRS after 55.

VC3A has a limit of 37k per year (including Mandatory Contributions). Thus I would suggest you to VC3A till the limit and if you want to top up more to your OA, do housing refund.

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ūüĎć
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Question Poster

23 Jun 2020

VC3A will also go into OA only if I hit FRS and BHS or same proportion as MC? Withdrawals will be from SA first then OA?
Tay WenHao
Tay WenHao

24 Jun 2020

If you hit FRS + BHS, VC3A will be as follows OA - remain in OA SA - remain in SA MA - Overflow to OA If you hit BHS but not FRS, VC3A will be as follows OA - remain in OA SA - remain in SA MA - Overflow to SA till FRS. Basically, SA will not overflow to OA.
Thank You!
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