Salary.sg Forums - Reply to Topic
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > CPF (Central Provident Fund) > How much CPF do u have?

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




Salary.sg Forums

Thread: How much CPF do u have? Reply to Thread
Your Username: Click here to log in
Human Verification To prove you are a human and not a computer program that spams, please check the box below and answer any further questions if prompted.

Title:
  
Message:
Post Icons
You may choose an icon for your message from the following list:
 

Additional Options
Miscellaneous Options

Topic Review (Newest First)
16-10-2021 09:01 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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?
You can still do a retirement sum topup (RSTU, topup directly into SA) and get up for a $7k tax deduction as long as you haven't hit FRS on your SA.
30-09-2021 09:42 PM
Unregistered
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?
29-06-2021 12:42 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
28-06-2021 11:41 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
28-06-2021 08:15 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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 .
28-06-2021 02:20 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
27-06-2021 05:01 PM
Unregistered 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 ?
21-06-2021 02:45 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Mind sharing the industry / position that you and your wife are currently in/holding?
Both of us are in the IT.
21-06-2021 02:04 PM
Unregistered
Quote:
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?
21-06-2021 01:55 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
This thread has more than 10 replies. Click here to review the whole thread.

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off




All times are GMT +8. The time now is 12:31 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2