How to use the CPF Ordinary Account for retirement

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.

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