Personal Finance
Turning 55 Soon? Here’s A CPF Special Account Hack You’d Want To Know!
By Seedly  •  November 12, 2019

You may not be turning 55 that soon, but it’s always good to start planning earlier so you’ll know what to do when the time comes.

Did you know, flat buyers had to wipe out their CPF Ordinary Accounts before August 2018? Many flat buyers will try to work around this by investing with their funds in their OA.

If you haven’t caught up yet, you now have the option to keep up to $20,000 in your Ordinary Account!

We digressed…

The CPF hack that I’m about to share with you isn’t a really new concept since you’re somewhat doing the same thing, just that it’s for your Special Account!

TL;DR – The CPF Special Account Hack You Should Know About

 

What Happens When I Turn 55 Years Old?

You might already be very familiar with this by now but bear with me while I highlight an important

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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