A cpf sa question

[terence2112]

SA shielding is just a hack, not sure how legal it is

Just before you hit 55, you use SA funds to do investment (leaving the minimum of $40K), upon 55, RA is create use the balance $40K(SA) + $141K(OA) to from your FRS. After the RA is completed, refund the SA investment back into SA.

This will use up for OA for RA instead of SA

How many people will have 141k in the OA, if they still serve their mortgage or have been serving their mortgage... not many

 

[dork32]

How many people will have 141k in the OA, if they still serve their mortgage or have been serving their mortgage... not many

dork32 has more than 200k in oa. dork32 is serving a 500++k mortgage now.

 

[Thoreldan]

Anything important to take note if at the point of 55, still serving housing loan via cpf ?

 

[Broadwalk]

dork32 has more than 200k in oa. dork32 is serving a 500++k mortgage now.

How old is dork32?

 

[tangent314]

How many people will have 141k in the OA, if they still serve their mortgage or have been serving their mortgage... not many

It's really not as hard as you think. As long as you remain employed and don't purchase a home way beyond your means, most people will reach the prevailing FRS with both OA and SA totaled.

 

[Broadwalk]

It's really not as hard as you think. As long as you remain employed and don't purchase a home way beyond your means, most people will reach the prevailing FRS with both OA and SA totaled.

It may not be true when economy stales recession or AI rampant in Singapore soon.

 

[kelhot2001]

Anything important to take note if at the point of 55, still serving housing loan via cpf ?

Make sure you still have money in OA to service the loan lor

 

[kelhot2001]

fr one money in ra cannot withdraw except abv frs (exclude int earned) but cpf sa can withdraw

In actual facts, money in RA will incurred 4+5+6 interest up to the first $60,000.00. Anything above that is the same as SA actually. One of the risk for RA is the LIFE premium, if you choose std/esc plan, you risk high bequest loss if you pass on around 75-85 of age, while for basic your RA is high, so will be your 10-20& premium, which will lead to interset lost to LIF fund.

So IMO best way is too keep your funds low from 55-65, then go for BRS+plegde then after the first payout, return the monies into the RA (this monies will not incurred any LIF premium, but the additional payout will last till age 90)