CPF Account Value Thread 2024

[billiejoe]

They will do it on 1st jan 2025, transfer the excess+4% interest for 2024 for medisave account to sa or oa. Then 2025 will start with 71.5k max in medisave acct.

 

[reddevil0728]

They will do it on 1st jan 2025, transfer the excess+4% interest for 2024 for medisave account to sa or oa. Then 2025 will start with 71.5k max in medisave acct.

Actually for the annual top up for merdeka gen package.

it was transferred immediate.

somehow for this isnt

 

[billiejoe]

Most probably they do it all together when the interest go in also.

Actually for the annual top up for merdeka gen package.

it was transferred immediate.

somehow for this isnt

 

[reddevil0728]

Most probably they do it all together when the interest go in also.

No eh.

last time those credited July

 

[compro_1975]

now with the medisave bonus my medisave become 71,900 will they push the money into OA? also, will the interest no longer be thrown into OA? i calculated that since i met BHS, i would likely to meet BHS for life with the current increment % right? i plan not to work and retire already

 

[reddevil0728]

now with the medisave bonus my medisave become 71,900 will they push the money into OA?

Which money? By right it should overflow but somehow it didn’t this time

also, will the interest no longer be thrown into OA?

It should eventually

i calculated that since i met BHS, i would likely to meet BHS for life with the current increment % right? i plan not to work and retire already

Interest will still be overflown.

so until u reach ur cohort BHS eventually, you will always start the year with your MA not full

 

[compro_1975]

Which money? By right it should overflow but somehow it didn’t this time

It should eventually

Interest will still be overflown.

so until u reach ur cohort BHS eventually, you will always start the year with your MA not full

the 400 bonus.....

alright thanks for the information on the interest

 

[highsulphur]

still waiting for the MA overflow to flow back to OA

 

[royalmix]

still waiting for the MA overflow to flow back to OA

In the past, govt topups go directly to OA when MA is max, this time is different. Why? Why MA can exceed BHS?

I suspect govt purposely credit to MA so it will be used to offset any outstanding premiums. That's the implied tax relief given to you, no more double benefits for you, just like they changed the rules for Matched Topup with no more tax relief next year! So any excess in MA will only be transferred on Jan1.

Or you pray hard it will be done after 18 Dec? Or write in to inquire why, did someone make a mistake in programming the system, like what happened to HSBC ega?

Those who have paid their premiums have no stress or worries!

 

[dgeralds]

dgeralds said:
Im planning to make voluntary contribution up to the CPF Annual limit $37,740.

How to find out the difference between CPF Annual Limit and the amount I have contributed to CPF in 2024? Is it possible to find from CPF page?

can go transaction history and sum it up

In the computation should I include Additional Medisave Contribution Scheme (AMCS) that my company gives me every month?

 

[reddevil0728]

In the computation should I include Additional Medisave Contribution Scheme (AMCS) that my company gives me every month?

found this when simply googling that term​

​

Additional MediSave Contribution Scheme (AMCS)​

Build up an employee’s MediSave savings under AMCS
You can make MediSave contributions under AMCS (AMCS contributions) of any amount up to $2,730 per employee per year. AMCS contributions are not subject to the CPF Annual Limit nor the employee’s Basic Healthcare Sum (BHS)

AMCS contributions are tax-free for employees and relevant tax benefits may also apply to employers. Backdating of AMCS is not allowed.

https://www.cpf.gov.sg/employer/making-voluntary-contributions

 

[royalmix]

In the past, govt topups go directly to OA when MA is max, this time is different. Why? Why MA can exceed BHS?

I suspect govt purposely credit to MA so it will be used to offset any outstanding premiums. That's the implied tax relief given to you, no more double benefits for you, just like they changed the rules for Matched Topup with no more tax relief next year! So any excess in MA will only be transferred on Jan1.

Or you pray hard it will be done after 18 Dec? Or write in to inquire why, did someone make a mistake in programming the system, like what happened to HSBC ega?

Those who have paid their premiums have no stress or worries!

One more important point to highlight:

It is highly unlikely that CPFB will transfer excess of MA to OA this mth! They will lose interest to you!

An expensive mistake they made?

 

[maumu]

shucks... CareShield premium deducted on 15 Dec liao. after deduction, MA balance stays above BHS (thanks to the MediSave Bonus), so can't top up...

oh well.

 

[chiokcc]

shucks... CareShield premium deducted on 15 Dec liao. after deduction, MA balance stays above BHS (thanks to the MediSave Bonus), so can't top up...

oh well.

Haha, it seems a few of us in the same situation ....

 

[dgeralds]

shucks... CareShield premium deducted on 15 Dec liao. after deduction, MA balance stays above BHS (thanks to the MediSave Bonus), so can't top up...

oh well.

same here

 

[Shion]

https://www.straitstimes.com/busine...count-closures-higher-enhanced-retirement-sum

 

[highsulphur]

found this when simply googling that term​

​

Additional MediSave Contribution Scheme (AMCS)​

Build up an employee’s MediSave savings under AMCS
You can make MediSave contributions under AMCS (AMCS contributions) of any amount up to $2,730 per employee per year. AMCS contributions are not subject to the CPF Annual Limit nor the employee’s Basic Healthcare Sum (BHS)

AMCS contributions are tax-free for employees and relevant tax benefits may also apply to employers. Backdating of AMCS is not allowed.

https://www.cpf.gov.sg/employer/making-voluntary-contributions

Can be initiated only by employers. Why would they want to do that?

 

[laokorkor]

It is highly unlikely that CPFB will transfer excess of MA to OA this mth! They will lose interest to you!

An expensive mistake they made?

Wait a minute! You're saying PAP's crediting 2k SGD into your MA account so that they can "scam" perhaps a few dollars of interests? That's the HWZ joke of the year! LOL!

 

[royalmix]

In the past, govt topups go directly to OA when MA is max, this time is different. Why? Why MA can exceed BHS?

I suspect govt purposely credit to MA so it will be used to offset any outstanding premiums. That's the implied tax relief given to you, no more double benefits for you, just like they changed the rules for Matched Topup with no more tax relief next year! So any excess in MA will only be transferred on Jan1.

Or you pray hard it will be done after 18 Dec? Or write in to inquire why, did someone make a mistake in programming the system, like what happened to HSBC ega?

Those who have paid their premiums have no stress or worries!

One more important point to highlight:

It is highly unlikely that CPFB will transfer excess of MA to OA this mth! They will lose interest to you!

An expensive mistake they made?

Wait a minute! You're saying PAP's crediting 2k SGD into your MA account so that they can "scam" perhaps a few dollars of interests? That's the HWZ joke of the year! LOL!

You are the greatest joke here!

Cannot read and interpret what I wrote, and dun understand how CPF pays interest!

 

[reddevil0728]

Can be initiated only by employers. Why would they want to do that?

instead of providing corporate insurance. some give u extra medisave to buy your own, e.g., ISP