Anonymous

23 Apr 2019

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My boyfriend and I will be BTO-ing in 2019. We are considering whether we should do voluntary contributions to our CPF account to help fund our retirement and help pay for the house loan. Should we?

We are 25 years old and have just started working a year ago. Our CPF OA is sufficient to pay for a staggered downpayment of the first 5% for a 4-room BTO flat.

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Randall Tan

23 Apr 2019

Coffee boy at Century Piano

Let me share with you what I have done. I will top up medisave account (MA) with cash for tax relief followed by RSTU up to $7k (tax relief) then transfer OA to SA. With the remaining cash in hand, I will use it for the downpayment of BTO. This way, I can fund my retirement yet at the same time enjoy tax relief and lastly, using cash to pay for the first 5% will be better than using CPF OA because I will enjoy at least 4% interests from when I transfer OA to SA.

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Teo See Hwa

17 Apr 2019

MArketing Associate at Propnex

What is your game plan?

If your game plan is just to buy BTO and stay until retirement, loan max and tenure max to get the benefit of Time valure of Money.

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Yixiong Chang

12 Nov 2018

No, you shouldnt do that. You will not be getting any tax relief by doing so. For retirement, u can ...

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To pay housing loan in cash to save CPF OA? Or to pay with CPF OA and do voluntary contribution later? Since they will spread to MA and SA with more interest?

I won't get any CPF contributions in my pay, how can I properly invest my first salary to equal or better the returns of CPF in order to pay for a house, have more passive income and retire in future?

Would it be better to pay HDB repayment using CPF OA through a monthly recurring voluntary contributions (VC) to your three CPF accounts (non-tax deductible)?

Should I do voluntary contribution to all my 3 accounts CPF even though I will use the OA for payment of BTO in the future?

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