09-07-2023, 10:47 PM
(09-07-2023, 10:19 PM)uncle168 Wrote: that why i didn't transfer my oa to sa.
if u transfer $100k and earn $10k interest.
even if u have reach frs at 55 yrs old and left $120k in sa.
u can only withdraw $10k.
the only way u can withdraw the remaining $110k is when u die, your children can take.
keekeekee
Move money from OA to SA is to earn more interest rate. If u compound your CPF at a higher interest, in future, u can have higher monthly payout.