Thread: CPF OA
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Old 14-09-2018, 08:15 PM   #15
rrr2015
Senior Member
 
Join Date: Nov 2015
Posts: 1,689
i thought loan amt + accured interest needs to put back into her OA but RA met she can withdraw freely

also by doing so, your OA no longer earns 2.5% + start accumulating accured interest instead

the transfer will involved some transaction charges as well
hi guys, just for discussion sake.

Objective: Take out maximum CPF OA (for whatever reasons)

Situation: To take over mom's flat. My SA met the current FRS. OA = $380k. My mom's RA met the Retirement Sum for her cohort. She used her OA to pay loan for flat. Current OA+accr interest is $100k. She sells flat to me for $350k.

Now, for me, i can fully pay the flat using my OA, as for her, she can get $350k in cash (correct me if i'm wrong). Assuming she doesn't keep a single cent, theoretically she can return the $350k to me and by doing so, I have "taken out" my CPF OA.

Does it work this way?

Last edited by rrr2015; 14-09-2018 at 08:17 PM..
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