Hi,
Your question is pretty straight forward. Yes, you may fully utilize all your CPA OA amount.
The retention of $20,000 is a maximum amount that can be kept in your CPF OA account, and it's optional.
This was implemented because, in the past, it was a must to clear all amounts in the CPF OA account. But people felt insecure after clearing all amounts in the account.
Moreover, they also felt the 4% interest for the 1st $20,000 is attractive and do not wish to be short change off.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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