I believe most of you gives monthly allowance to your parent after you all start working. I do so myself too. I am currently giving my parent a monthly allowance in cash. Recently, I have found a smarter way to give my Mom monthly allowance. My mom is currently 67 years old and already has her CPF Retirement Account setup. She can actually start her monthly payout under the retirement sum scheme already, but we are delaying it till she’s 70 to give more time for compounding to work its magic. Recently, I have started to top up her account via CPF transfer. I am transferring my CPF OA money to my Mom's Retirement Account. Although doing CPF transfer top up does not attract any tax rebate, the money transferred will attract a much higher interest than having them sit in my CPF OA. Instead of the 2.5% I am getting,...