Where can I buy annuities using CPF SA funds?
Does anyone have any experience with this, what are your recommendations?
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Leslie Koh
13 Nov 2019
Associate Financial Services Manager at Prudential Assurance Company Singapore
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Kelly Trinh
13 Nov 2019
Backoffice technical at financial services firm
(update: resolved from info from Elijah - basically can buy but no one offers due to lack of competitiveness)
Short answer to your question: "Yes"
Longer answer: I find this blog post to be a very nice write up of the rules of various aspects of the CPF scheme. Worth reading up https://toc.net/cpf-101/
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Elijah Lee
13 Nov 2019
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi Jennifer,
CPF SA will go into CPF RA, which will then be used to buy (what I feel is) the best ...
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You cannot buy private annuities using CPF OA or SA .
The only thing you can "buy" CPF Life.
The only other fund you can consider using is SRS for private annuities.