Sunday, February 18, 2024

What is the impact to me for the CPF closure of Special Account (SA) at age 55 ?

My numbers are out.

With CPF Special Account (SA) force closed at the age of 55 and with "no CPF SA shielding", the impact for me would be:

(1) At my age of 65, liquidity dropped S$130K
(from S$1.28 million to S$1.15 million).

(2) At my age of 65, CPF balance dropped S$100K
(from S$1.9 million to S$1.8 million).

Well, we can always use CPF OA to buy DBS, SATS, SIA, Mapletree Industrial Trust.

I can also draw out the CPF OA monies to help my son to buy private property with no ABSD!

Be water!