Its the end of the year and discovered that both SA and MA has reached the FRS and BHS. Currently unable to top up $7k into SA for tax relief. Does CPF allows member to move some money out of SA to invest to lower the amount in SA for topping up for RSTU?
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Hariz Arthur Maloy
17 Dec 2019
Independent Financial Advisor at Promiseland Independent
Hi Chee Siong, no this is not allowed.
Once, FRS is met, you can only top up via VC and not RSTU and you cannot use CPFIS to give you more space in SA.
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Nope. You can top up your parent's RA or your spouse's or sibling's SA (certain conditions) for tax relief. Or contribute to SRS.