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CPF (Central Provident Fund) All about OA, SA, MA and RA, and strategies to optimize your CPF




How much CPF do u have?

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  #31 (permalink)  
Old 21-06-2021, 07:23 AM
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Sound like you are not a contented person and paranoid by those insurance experts

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In my late 40s.
OA: 315k
SA: 246k
MA: 62k
Co-own a 5 rm hdb flat and utilise some CPF funds for insurance investment in my youth.
Feeling a bit worried about retirement as I have not even hit a million in cash savings or own a second property.
Think my monthly expenses too high. Any advice?

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  #32 (permalink)  
Old 21-06-2021, 01:55 PM
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How old are you? I feel very stress when ppl tell me I am going to be a beggar in old age. They say we need 3 million for retirement. To live in comfort.
I am 54, my wife 53.

Sold away FH inter-interrace. Got a 999-yr condo under my wife's name. Loan for 3 yrs as interest rate is lower than CPF OA rate. Will fully settle after that.

I have about $1.1M in OA and SA. I have some savings from insurance. I don't think I got much, about $250k if I surrender. My wife about the same.

My wife and I have about another about $1m in liquid assets - stocks and cash.

We are very tired after working for 30+ yrs. Kids are in their 20s and finishing their local tertiary education. Looking to retire in 2-3 yrs time.

I do not believe I am well off. I would say comfortable.

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  #33 (permalink)  
Old 21-06-2021, 02:04 PM
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Originally Posted by Unregistered View Post
I am 54, my wife 53.

Sold away FH inter-interrace. Got a 999-yr condo under my wife's name. Loan for 3 yrs as interest rate is lower than CPF OA rate. Will fully settle after that.

I have about $1.1M in OA and SA. I have some savings from insurance. I don't think I got much, about $250k if I surrender. My wife about the same.

My wife and I have about another about $1m in liquid assets - stocks and cash.

We are very tired after working for 30+ yrs. Kids are in their 20s and finishing their local tertiary education. Looking to retire in 2-3 yrs time.

I do not believe I am well off. I would say comfortable.
Mind sharing the industry / position that you and your wife are currently in/holding?

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  #34 (permalink)  
Old 21-06-2021, 02:45 PM
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Mind sharing the industry / position that you and your wife are currently in/holding?
Both of us are in the IT.
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  #35 (permalink)  
Old 27-06-2021, 05:01 PM
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How is it possible to have 1 mill in OA ? Is there like investment you guys did to increase the savings in your cpf OA ?
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  #36 (permalink)  
Old 28-06-2021, 02:20 PM
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How is it possible to have 1 mill in OA ? Is there like investment you guys did to increase the savings in your cpf OA ?
I have 806k in OA and 200K in SA.


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  #37 (permalink)  
Old 28-06-2021, 08:15 PM
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I have 806k in OA and 200K in SA.
How old are you ? And if u actively re-Invest ur OA ? And if the house had been fully paid off ? I suppose is via cash since u have OA balance.

Cos once you hit the cap for Employer/Employee contribution , your OA will only be going up a steady rate excluding the interest u can earn .
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  #38 (permalink)  
Old 28-06-2021, 11:41 PM
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How old are you ? And if u actively re-Invest ur OA ? And if the house had been fully paid off ? I suppose is via cash since u have OA balance.

Cos once you hit the cap for Employer/Employee contribution , your OA will only be going up a steady rate excluding the interest u can earn .
I am the one that posted #32.
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  #39 (permalink)  
Old 29-06-2021, 12:42 AM
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How is it possible to have 1 mill in OA ? Is there like investment you guys did to increase the savings in your cpf OA ?
Not OP but thereís a pretty active discussion on the steps you can take to achieve this. Just google 1M65.
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  #40 (permalink)  
Old 30-09-2021, 09:42 PM
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Default Cpf top up for tax reduction

Hi asking all the expert here, what is exactly the max cpf we can top up for tax reduction? What if CPF contribution is already at the 37k yearly limit, does that mean I canít top up cpf and wonít get any tax benefit?


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