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Vivian

19 Dec 2019

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CPF

Is there a maximum amount in your special account that you are allowed to top up?

Discussion (4)

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Hi there, I am planning to buy my own house. I need to transfer out $120k out of my cpf ordinary account. Basically to return back to ordinary occount after buying my house. I do want the entire monies in ordinary account to be wiped out on buying the house. What are my options to park the money safely say for a period of a year or so??

The maximum amount is the current year’s Full Retirement Sum.

Elijah Lee

21 Nov 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Vivian,

You are allowed to top up to the current year's prevailing FRS. That would be $176K thi...

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