Savvyadministrators CPF 101: From your child's CDA to their future CPF account
Maximising your child's CDA can mean giving them a solid foundation for their nest egg when unused funds are transferred into their PSEA, and then their CPF account. With the attractive interest it earns, this can potentially serve to fund more than their educational and health care needs! 🤯
Take note of the basics and tell us in the comments – Would you consider using your child's CDA as another financial gift you can give your kids for their future? #WalkTheParentingTalk!
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Yes! That's why I am saving a portion of my child's future college fees in his CDA account currently. Will look into endowment plans when I settle my retirement fund accumulation, haha