I just turned 65, started CPF Life payout of $1,800. Should I transfer my OA funds to SA for AMP? - Seedly
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Anonymous

Asked 2w ago

I just turned 65, started CPF Life payout of $1,800. Should I transfer my OA funds to SA for AMP?

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Hi Anon, after age 55, you cannot transfer OA to SA but you can transfer OA to RA however up to the Enhanced Retirement Sum only.

You can do this to get a higher monthly payout but you lose flexibility to withdraw it as a lumpsum.

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