My child is 20 years old, how do I maximise his CPF?

I find there is little point in contributing to OA as it is the portion that grows the fastest anyway. The only advantage that OA has over SA is that it allows him to buy a bigger house. I personally think it is better to start with something smaller and within ones means.

I would prefer MA over SA for the simple fact that interest from MA would fall into MA anyway and help to build up his SA over time.

Hi anon,

You can consider contributing to either his SA, MA, or all 3 accounts.

If you contribute to his SA, he gets a head start on his retirement funding.

If you contribute to his MA, he'll have a little more funds to pay for insurance premiums and medical expenses

If you contribute to all 3, a little bit of everything.

Contribution should be based on what you can afford. Use either AXS or the CPF e-Cashier: https://www.cpf.gov.sg/eSvc/Web/Miscellaneous/C...