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Old 25-05-2018, 10:12 PM
lazyplane lazyplane is offline
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Most likely the poster did the following :

flip property

or

trade shares

Or

(most likely case) - BLUFF lah...

Quote:
Originally Posted by Unregistered View Post
How many years have you worked and contributed to CPF? If you are Singaporean and have served NS, and a degree graduate, you would at most be working for 3 years. Your CPF would at most be $113k after 3 full years of contribution, contributing the maximum amount each year.

The CPF is a unique savings scheme where even if you want to put in more money, it is not allowed. Each year, you are allowed to contribute a maximum of $37,740 and not more.

That said, there are ways to build up your CPF.

One of the challenges my friends and I gave to ourselves (besides attaining certain networth by certain age) was to achieve $1m in our CPF OA by 55.

One of our friends achieved that target at 55 yrs 4 months. My OA hit $1m only when I was 56yrs and 10months old!

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