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Old 17-09-2018, 08:39 PM   #22
ELKYme
Senior Member
 
Join Date: Aug 2018
Posts: 518
The property charge to remain is good. (Amount used + accrued interest). Benefit is that you’re allowed to do a payback anytime. If they remove this, than you won’t be able to do this payback.

Idea is when officially retire, exit stock market, surrender ILPs and use the lump sum to do the “payback” into OA.

This OA account can than serve as your regular bank account with 2.5% pa. risk-free without any strings attached. Unlike what the banks need u to do in order to pay u a higher interest.(OCBC one/DBS Multiplier)
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