Quote:
Originally Posted by Unregistered
im just curious, cpf cap is at 5k, how did u get 200k in 10-15yrs?
even if your starting pay is 5k, 2 pax, you will never reach 200k in 20yrs |
Assuming current
CPF rates of 17% (20% employee contribution + 17% employer contribution) and starting pay of $5k,
CPF accumulated in one year would be 0.37 x 5000 x 12 = 22200. In 10 years, it would already be over $200k.