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




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Topic Review (Newest First)
02-11-2023 06:08 PM
Ali abbas
CPF Contribution rates in 2023

CPF contribution by employee:
Understanding the cpf rates is important for employees to get the maximum benefit from this opportunity an employee must know how much he have to contribute from his salary.
CPF contribution rate varies from age-to-age employees below 55 years of age have to give 20% of there salary and if above 50 and 60 then they must have to pay 15% and 9.5% respectively to get a detailed knowledge of CPF contribution rates in 2023 feel free to visit s://streamyouraccounting.com/a-detailed-guide-about-cpf-contribution-rates-in-2023/
CPF Contribution By Employer:
For employers it is also mandatory to provide their contribution in cpf. Contribution rate by employers differs comparing to employee’s contribution rates. Such as for employees below 55 employe have to pay 17% of their salaries for employees above 55 years of age they have to give 14.5% rate similarly for above 60 and 65 they have to provide 11% and 8.5% respectively.
15-06-2023 01:58 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Slow….why haven’t pay finish for your housing?
Locked in low interest for awhile. Pre hike rates
15-06-2023 08:30 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Late 30s

Total cpf now 340 with 130 taken out for housing. Am i on par with peers of my age group
Slow….why haven’t pay finish for your housing?
14-06-2023 11:23 PM
Unregistered Late 30s

Total cpf now 340 with 130 taken out for housing. Am i on par with peers of my age group
07-06-2023 12:16 PM
Unregistered
CPF Plan

Husband late 50s wife late 40s

Cash 120k

CPF 1 mil
OA 305K
SA 296K Wife 199k
RA 200(FRS)
Medisave 65k + 34k (wife)

Investment - 832k
SRS (stocks) 250k
T bills 400k
Stocks 182k

Annuity from age 65 $1200/month for 10 years, $105K bonus at maturity
Insurance value matured from age 63 to 65 - $600k

Fully paid condo
Car Loan 16k

Intent to retire soon with 2 children graduating by age 65. Feasible?
07-06-2023 12:04 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
62 M, OA 3K, SA 3K, MA 68K how?
Must be cash rich
06-06-2023 02:31 PM
Unregistered
Help

62 M, OA 3K, SA 3K, MA 68K how?
06-06-2023 12:04 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
You will be able to reap your CPF payout in 13 years time. Delayed gratification is the way to go.
we should have enough to enjoy from 55, with the passive income from rental, dividends from stocks, Tbills, SSB, plus the withdrawable CPF interest above the ERS sum. anything from age 65 will be considered a bonus. We are grateful already.
06-06-2023 10:10 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Me & wife both 52
Combined CPF OA=$800k, SA=$600k, MA=$136k

Owns 2 private properties (paid up mostly cash payments)

Looking to retire at 55
You will be able to reap your CPF payout in 13 years time. Delayed gratification is the way to go.
06-06-2023 04:44 AM
Unregistered Me & wife both 52
Combined CPF OA=$800k, SA=$600k, MA=$136k

Owns 2 private properties (paid up mostly cash payments)

Looking to retire at 55
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