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Old 18-09-2018, 02:26 PM   #24
ELKYme
Senior Member
 
Join Date: Aug 2018
Posts: 518
Yes Bro. Actually I learned about this from BBC, he’s really knowledgeable.

However do note that when u withdraw, it’s from SA first before OA. If u still have a reasonable amount in SA after 55(search SA shielding), it may not be worthwhile to do this.

However, the workaround to this would be:

1)Husband has substantial SA, so don’t do any repayment back to OA. Collect the SA interest from SA shiok shiok.
2)Spouse has just enough for ERS/FRS and not much left in SA, than do repayment back into her account and use her account as your regular bank account.

I suppose u can use the OA as a standby bank account with 2.5% interest rate if u really want.
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