When it comes to retirement planning, many of us overlook the importance of our CPF Ordinary Account (OA) just because it earns 1.5 percentage points less than the 4 per cent reaped by our Special Account (SA).
Many people want to top up their SA to the prevailing maximum - this year's full retirement sum (FRS) of $186,000 - but fewer will choose to put more money back into their OA, such as by refunding their mortgage.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you