CPF SA

[Kaypohji]

After RA is formed, is it still earning interest on the FRS? What happens to the interest?

Cannot withdraw and act as bequest? Or form part of the annuity? But we already ‘paid’ 181k leh

I doubt that is the reason since CPF Extra Interest takes RA balances first.

The sequence for the account balances used to make up the combined balances is as follows:

1st: Retirement Account (RA), including balances used to pay for the annuity premium under CPF LIFE
2nd : OA, with a cap of $20,000
3rd : Special Account (SA)
4th: MediSave Account (MA)


https://www.cpf.gov.sg/members/FAQ/...=&group=Others&ajfaqid=2192040&folderid=13726

 

[item2sell]

crimsontactics and I are probably the only ones to actively transfer from OA to SA at a young age.

Having reached and exceeded the FRS in SA in 2015, the ever changing annual retirement sum is no longer a concern.

Time is money. Don’t hesitate. Transfer from OA to SA today.

CPF are always changing. Don’t count your chicken too soon

 

[crimsontactics]

CPF are always changing. Don’t count your chicken too soon

Recently changed for the better.

In the past, you have to set aside both FRS and Medisave Minimum Sum before you can withdraw at 55...

Sent from . using GAGT

 

[item2sell]

Recently changed for the better.

In the past, you have to set aside both FRS and Medisave Minimum Sum before you can withdraw at 55...

Sent from . using GAGT

That’s impossible. Always a catch in their rules

Never a rule that gives advantage to the peasants

 

[crimsontactics]

That’s impossible. Always a catch in their rules

Never a rule that gives advantage to the peasants

That one I dunno...

I can only comment on what I see...

Sent from . using GAGT

 

[henrylbh]

Let's say I have 50K in SA and 100K in OA after RA is formed and I need to withdraw 20K, I can invest the 50K in SA and SA become zero, so I withdraw 20K from OA, can?

Even when the full amount of FRS been transferred to RA, one still needs to maintain 40K in SA?

CPFIS-OA and CPFIS-SA are still available after after RA is formed and the same rules apply as before age 55 - min of 20k in OA and 40k in SA cannot be used for investment. The irony is you cannot used them for investment but you are allowed can withdraw.

 

[henrylbh]

But 10years later, I sold at 390k profit and I upgraded to EC, now i look forward for my EC to be privatise on the 10th year and if can sell at good profits to foreigners, I will seriously consider too. Who knows what happens.

Sell hdb and upgrade to EC touched my nerve

I bought a resale flat and sold it after 5 years for a profit of $275k to 'upgrade' to a new EC. That's my greatest regret and foolish act and still can't get over it, despite selling the EC immediately after 5 years for a profit of $238k

 

[onegoal]

Sell hdb and upgrade to EC touched my nerve

I bought a resale flat and sold it after 5 years for a profit of $275k to 'upgrade' to a new EC. That's my greatest regret and foolish act and still can't get over it, despite selling the EC immediately after 5 years for a profit of $238k

U can use the profit 275k + 238k but a HDB massionate. Then extra case fill up CPF or buy a condo and collect rent. This another way.

 

[Kaypohji]

Quite surprised that a resale flat still can increase so much in value after 5 years of holding.

Usually bto then can make so much profit

Can top up back to cpf the profit

Sell hdb and upgrade to EC touched my nerve

I bought a resale flat and sold it after 5 years for a profit of $275k to 'upgrade' to a new EC. That's my greatest regret and foolish act and still can't get over it, despite selling the EC immediately after 5 years for a profit of $238k

 

[henrylbh]

You can drop an Ordinary Account down to zero via qualified educational payments, housing-related payments, and/or via OA transfers to eligible recipients (spouse, elders). The $20,000 minimum you refer to only applies to the CPF Investment Scheme. If you really, really want to prevent your Retirement Account from being funded much, you can.

This is why it’s important to convey what you’re thinking calmly, without the name calling. You might miss what’s technically possible. “I’ve got a secret” games just waste everyone’s time, whether or not you even have a “secret.” Nobody is impressed; quite the opposite.

You still can't zero OA under the educational scheme, even if FRS in SA/RA is met.

 

[Tiger9119]

CPFIS-OA and CPFIS-SA are still after after RA is formed and the same rules apply as before age 55 - min of 20k in OA and 40k in SA cannot be used for investment. The irony is you cannot used them for investment but you are allowed can withdraw.

Maybe CPF don't want us to VC the withdrawn amount(from OA) back into SA/OA/MA.

 

[henrylbh]

Quite surprised that a resale flat still can increase so much in value after 5 years of holding.

Usually bto then can make so much profit

Can top up back to cpf the profit

The resale flat was funded with cash. Nothing to go back to CPF

 

[henrylbh]

Maybe CPF don't want us to VC the withdrawn amount(from OA) back into SA/OA/MA.

No point guessing. Withdrawal rules are first from SA and then OA. Nothing relates VC.

 

[Tiger9119]

No point guessing. Withdrawal rules are first from SA and then OA. Nothing relates VC.

Why not? If all SA money can be invested (including the 40K), one can withdraw from OA and then VC.

 

[henrylbh]

Any way, even after 55, the first 20k in OA and 40k in SA cannot be invested. Just checked my CPF accounts.

To earn the extra 1% interest on the first 60K

No true. The RA is already earning the extra interest as well as the additional extra interest. So the OA and SA are earning the normal interest.

 

[Tiger9119]

No true. The RA is already earning the extra interest as well as the additional extra interest. So the OA and SA are earning the normal interest.

OA is earning 2.5%, part of the VC amount will goes into SA earning 4%.

 

[henrylbh]

No point guessing. Withdrawal rules are first from SA and then OA. Nothing relates VC.

From 55, any allowable withdrawal money start with interest accrued, followed by SA and OA last. Amount not withdrawn can be used for CPFIS-OA or CPFIS-SA and rules (however silly) are first 20k in OA and first 40k in SA cannot be invested.

 

[henrylbh]

U can use the profit 275k + 238k but a HDB massionate. Then extra case fill up CPF or buy a condo and collect rent. This another way.

Why sell hdb and buy hdb? Like you, sold HDB and upgrade to EC. But a dumb move for me.

 

[henrylbh]

OA is earning 2.5%, part of the VC amount will goes into SA earning 4%.

You can still withdraw OA, but not all, without touching SA, by investing to the investible limit and then closing the investment account. Can do repeatedly until OA is left with min of 20k and amount in SA remains intact.

 

[Tiger9119]

You can still withdraw OA, but not all, without touching SA, by investing to the investible limit and then closing the investment account. Can do repeatedly until OA is left with min of 20k and amount in SA remains intact.

But this method cannot make part of the OA money into SA thru VC, right?