If I were u, thinking of not returning to Singapore with mum for good (this is most important consideration to me), I will consider the following:
1. Sell the flat, estimated proceeds of $350k. 200k+ will be returned to CPF OA (based on your first post), leaving her with about 150k cash. If this is more than 5 years of rental income, it is worth it.
2. CPF OA now 60k, no need for property purchase? (only 20k earns 2.5%+1%). Transfer all to SA to earn 4%+1% interest pa
3. Add 200k sale proceeds to OA, transfer to SA of up to 181k-60k = 121k to earn 4% interest. OA still has about 79k balance.
4. If she has no immediate need for the 150k for the next 5 years, topup 60k to MA to earn 4%(or less depending on how much she has in MA now), the rest of excess monies VC to OA/SA/MA. (depends on how strong u can support her for the next 5 years, then keep more cash for emergency use)
Earning 4% “risk free, guaranteed interest” is better than putting your monies into annuities or investments.
When she hit 55, she can withdraw excess above FRS (current limit is 181k, u can estimate what it will be 5 years later) from SA/OA or treat SA/OA as on demand high interest bank savings account.
If she finally decides to give up Singapore citizenship, she can apply to withdraw her RA/MA monies. She should make her decision before 70, the final age to join CPF Life, where her RA/MA would have ballooned big enough for her retirement. (u can do your own calculations)
Since she is living overseas, u can apply to suspend payment of Medishield Life premium. Also remember to update her CPF nominations if needed.
(further details can be discussed if u are keen to know more on each item and at "key CPF age stages").
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