Posts: 5,317
   
Threads: 119
    
Likes Received: 997 in 880 posts
Likes Given: 14
i trying to transfer funds from my elderly mother's POSB account to her Retirement Account to get more interests since she getting monthly payout...............so what's the best way to do it ah ?
if more convenient - can transfer to my POSB account 1st then to her Retirement Account..............
Posts: 977
   
Threads: 4
    
Likes Received: 233 in 214 posts
Likes Given: 0
(15-09-2022, 08:29 PM)Napoleon Porlumpar Wrote: i trying to transfer funds from my elderly mother's POSB account to her Retirement Account to get more interests since she getting monthly payout...............so what's the best way to do it ah ?
if more convenient - can transfer to my POSB account 1st then to her Retirement Account..............
the better way is to top up from your posb, you can ask for tax relief.
Posts: 980
   
Threads: 2
    
Likes Received: 287 in 235 posts
Likes Given: 74
Maybe you can ask your mum to use this link to see if a POSB to RA topup is possible.
https://www.cpf.gov.sg/member/tools-and-...retirement
Posts: 9,864
   
Threads: 9
    
Likes Received: 2,961 in 2,324 posts
Likes Given: 1,016
(15-09-2022, 08:29 PM)Napoleon Porlumpar Wrote: i trying to transfer funds from my elderly mother's POSB account to her Retirement Account to get more interests since she getting monthly payout...............so what's the best way to do it ah ?
if more convenient - can transfer to my POSB account 1st then to her Retirement Account..............
Best is to leave her money in her bank account. You top her retirement account from your personal bank account. .....
Thinking is difficult, that's why most people judge
Carl Jung
>