People here have shared how they have benefited from the
CPF scheme. For your personal specific circumstances, you should go to the
CPF website FAQ, or call their hotlines or write them an email. They respond very promptly.
I have contributed regularly (small amount, on a yearly basis) to my children's
CPF. These are non tax deductible. So, I am not sure if you can contribute one lump sum of $161k at one go.
Just call the
CPF up.
Quote:
Originally Posted by Unregistered
When is the earliest our children can have their CPF account? Do they have once they are born or in primary school? I'm thinking if I can top the max of $161k for them once they are born, then by compounding effect, they should have $626k by the time they are 55. |