Moved all my OA monies I received whilst working previously to my SA.
Reason being I won't be buying a HDB flat with it in the foreseeable future (at least the next 5-8 years) and the difference in interest rates would mean quite a difference in the compounding effect.
Anyway, the sum won't mean much in buying a flat. Less than 1% of a new 4-room flat.
Money in SA, can you withdraw after 62 ??
ReplyDeleteGood move! You can easily accumulate your OA once you start work for "real".
ReplyDeleteWinter time in UK soon.
Tip: Marks and Spencer thermal underwear the best!
Cheers from Athens!
Yes, we also wondered why you want to put your money in the SA. We supposed you have lots of cash stashed away elsewhere. Nevertheless, have you consider using currency carry trades to take advantage of higher yielding interest returns.
ReplyDeleteLOL! There is a season for everything...
ReplyDeleteTime to plough the fields, time to plant the seeds, time to tend the fields, time to harvest, and time to wait for winter to pass.
And of course my favourite: Time to enjoy your life/youth!
"Real" work will come soon enough :( Ha ha!
Sounds like the right strategy. Best to wait a few years, it will not run away from you.
ReplyDeleteGreat story
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