CASH REFUNDS FOR CPF SAVINGS USED FOR PROPERTY PURCHASES.
Real life conversation ..
She has $100K+ from her matured Endowment policy. In her 50s; she is exploring where to put this extra cash?
She doesn't feel confident to put more money into the market as her current investment portfolio is also not doing well. SSB? Low interest. Bond?
How about CPF OA 55 2.5% Bond-like?
In her 50s, it is just a few more years away to unlock her CPF OA 55; whatever money she puts into CPF OA now can be treated as 2 to 3 years 2.5% Fixed Deposit. Right?
Look like CPF Board can consider starting new ads campaign on "Partial Refunding of your CPF CPF housing loan in your 50s" to secure a Happy 55 Birthday Present to reach out to more older CPF members in their 50s!
Posts
I refunded housing loan + accrued interest back to CPF 3 years ago
ReplyDeleteHi Siew Mun, congrats to you on your move to shield both your OA and SA from being moved to form the RA when you turn 55 in two weeks time.
ReplyDeleteMany have talked about shielding their SA but I must say I have not come across anyone else other than yourself, shielding both their OA and SA! I think you may just start another trend! Well done!
By the way, I came across your OA & SA shielding move from this blog : https://toc.net/2020/09/07/cpf-sa-shielding-and-oa-shielding-a-live-example/
I am getting the blogger to take down the post cos I didn't give him to permission
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