Anonymous
Also what happens to my CPF contributions which is still proportioned to SA account? Does it overflow to OA? Or will it still goes to topping up SA and just that i can no longer do a 'personal' top up?
2
Discussion (2)
Learn how to style your text
Reply
Save
Hariz Arthur Maloy
27 Oct 2018
Independent Financial Advisor at Promiseland Independent
You can only do a voluntary contribution to your SA up to the FRS of the current year. This year's its 171k. Then it can only earn interest. Same with MA. Any new monies trying to enter MA will flow to SA, and if that is full, will flow to OA. OA has no cap but only earns 2.5%.
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Posts
Do an annual top up to the new ceilings of SA & MA. For SA, it is rising at $7k per year. Not sure about MA.
If you have reached 55 year old, you can opt for ERS via cash or from OA.