It is of course possible to give your offspring a cash infusion amounting to FRS in his SA.
Read that again - SA. We did that for our children by the way.
Now, go and read post #45 again. The fake 43 yo said he used his
CPF money to buy property thereby reducing his
CPF interest from $34k to $18k. This money has to come from his OA not his SA. That is $16k of OA interest or $640k of OA money. And I am already assuming he is contributing the max every year since day 1 of working life. Most people dont even earn that much per year in their early years of working, not to mention contribute $37,740 to their
CPF!
Go figure if the numbers add up!
Quote:
Originally Posted by lazyplane
Maybe he had a cash cpf infusion at young age and that was transferred from OA to SA.
Agree that maybe unlikely someone to have so much cpf interest now but I think not the same next time as I have heard of well off parents giving up to FRS for their toddler.
So never say never |