Should You Transfer CPFOA To CPFSA For Higher Interest? | Pros And Cons Discussed...

Описание: Using my CPF statement as a case study. My CPFOA is now $0 already because on 31oct21 I transferred from OA to SA.
Do note that Dependent Protection Scheme DPS can also be paid by CPFSA or Cash so it is ok to have $0 in CPFOA.

0:00 Introduction

1:20 Explaining extra interest in CPF account

2:03 Other rules for CPF contribution
CPFOA transfer to CPFSA is available only if you do not have full retirement sum FRS. In 2022, it is $192,000.

In 2022, you can top up directly to CPFSA via RSTU retirement sum topping up to get tax relief of up to $8,000

4:00 How you can invest CPFOA and CPFSA
Explaining on Schroder Multi-Asset Revolution A Dis which is CPFSA qualified and why it is the top performing balanced fund.

5:55 Reducing personal taxes via RSTU top up and how to perceive it.

8:02 My recommendations on transferring CPFOA to CPFSA

#cpf #cpfoa #cpfsa #rstu

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