Anonymous

30 Aug 2019

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Should I do a monthly or annual transfer of funds from OA to SA?

I'm currently 31 and doing a monthly transfer from OA to SA with the target to hit the projected FRS (300+K) when I hit 55 yo. From an efficiency point of view, would doing this transfer annually be better in the sense that it would allow me to earn the same interest by doing a monthly transfer?

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Zen Rogue Xuan

30 Aug 2019

CPF calculates interest on a monthly basis, using the lowest amount for that month. As such, a monthly transfer should earn you slightly more interest than an annual top-up. That being said, for efficiency, an annual transfer from OA to SA would be better.

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Should I a) use my CPF OA funds to invest in Endowus or b) transfer my OA balance into SA to earn 4% interest? (Assume house is already bought and no other use for OA funds)?

If I am confident of finding future mortgage payments (in 3-4 years’ time) from my monthly income/savings, should I do a full OA to SA transfer now and continuously empty my OA balance into SA?

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