Daniel Ling

02 Jul 2019

∙

Why not put 1 million into CPF SA to earn 4% safely?

Apart from not being able to take it out before 65 years old.
Are there other conditions?

Is 4% really that easy to earn in a no risk back by Government comparable investment?

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Mic Mc

02 Jul 2019

Correct me if I am wrong.
SA you can only top up to $200K? No?

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Hariz Arthur Maloy

07 Jun 2019

Independent Financial Advisor at Promiseland Independent

The max you can top up to SA is via the RSTU scheme (Retirement Sup Top Up), which is up to the Full Retirement Sum for the year. In 2019, this is $176k. So if you have 56k now, you can only top up 120k. After SA is full you can only do a Variable Contribution of $37,740 which will be split to the 3 accounts, but since SA is full, it'll flow to OA. And if MA & SA is full, it can only go to OA as well.

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Leong Wen Fong

07 Jun 2019

Commercial Ops at Aspire

About a month ago we had an AMA with Mr Loo, and he did address some of these concerns(https://blo...

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I have 100k in cpf special account. Although cpf SA earns interest of min 4 %; wld like to invest for more return, what should i invest?

Would it be better for me to 1) Contribute to CPF SA to generate a guarantee 4% return and at the same time get tax relief OR 2) Purchase and annuity plan that provides monthly income from retirement?

For CPF, after age 55, can top-up any amount in SA account to earn the 4% interest rate, eg $50k? And afterwhich can withdraw any amount anytime? Or have to top-up just below age 55?

Should I cancel my insurance plan? I am reaching 55 next year, i am considering whether to cancel my WL insurance which i have brought in year 1985 and put it into CPF to earn 4% interest. Is it a good idea?

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)?