Should I transfer all my CPF money from OA to SA? - Seedly

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Asked by Anonymous

Asked on 07 Nov 2018

Should I transfer all my CPF money from OA to SA?


Answers (2)

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Loo Cheng Chuan
Loo Cheng Chuan, Founder at 1M65 Movement
Level 6. Master
Answered on 07 Nov 2018

It is too blanket a question and it really depends on quite a few factors:

a. Have you at least have a sum catered for the deposit of your HDB flat?

b. Have you catered for 3-6 months of mortage payments for your housing loan (if you dont have enough cash savings for a rainy day)?

b. Have you decided that 1M65 is the way to go for your millionaire dream?

if the answer is yes, I would do it if i were you.


Yixiong Chang
Yixiong Chang
Level 5. Genius
Answered on 07 Nov 2018

IF you do not intend to use your OA money (eg. for housing), Yes transfer to SA for higher interest rate.

Do u know u can top up your special account with cash to earn tax relief and enjoy the guaranteed 4% rate?