Something to ask about CPF allocation

[KnyghtRyder]

I have turned 45 on the 12th, and the allocation to OA is still 0.5677

Next month sir.

 

[KnyghtRyder]

I thought the contribution made after the day I turned 45 should be in different tier

Thanks
As long as hit FRS plus working plus yearly medisave topup, no need to pay cash since MA flows to OA monthly and the annual interest for OA would be above $20k after monthly HDB loan repayment of $700

It probably goes by the day the instruction is issued as opposed to the day it is credited..

 

[1982-1994]

based on your birthday when the $ is allocated. If you BDay is 18th March, if CPF credits your account on 18th March, it will be new allocation, if CPF credit your account on17th March then is old allocation.
Peace...

Birthday on 12th, CPF credits on 18th

 

[windwaver]

I am turning 45 next year, so my OA allocation is it 0.5677 or 0.5136?

Bro, you 45 next year in 2025, so follow "Above 35 to 45"

 

[windwaver]

Don't loan till 65.. After 55 you might need to pay cash for housing loan...

Yeah, we clear loan by 45.

 

[hachi]

Yeah, we clear loan by 45.

LOL same.... By 46.....

 

[1982-1994]

Bro, you 45 next year in 2025, so follow "Above 35 to 45"

Still blur
Shouldn't it be "36-45", "46-50", "51-55" etc?

 

[hachi]

I thought the contribution made after the day I turned 45 should be in different tier

Thanks
As long as hit FRS plus working plus yearly medisave topup, no need to pay cash since MA flows to OA monthly and the annual interest for OA would be above $20k after monthly HDB loan repayment of $700

My time I think FRS should be 280k to 300k.. Haiz...

 

[Hello_Kitty]

may i ask is it need to do property pledging in order to opt for BRS???

 

[grevq80o]

may i ask is it need to do property pledging in order to opt for BRS???

yes

 

[ask_yip]

LOL same.... By 46.....

how about clear by before 55?

 

[hachi]

how about clear by before 55?

That's why i said before 55... Coz cpf contributions will drop to 9% only...

 

[1982-1994]

I earn below median pay of $5200,

Not intending to pledge with my flat
I topped $40k to meet BRS then $20k to meet BHS (both done three years back) in order to have the contribution of MA to be allocated to SA monthly
Been topping medisave to hit BHS every year since then ($3k+$3500+$4k) , then another $20k into SA two years back, on the way to FRS in 2029

Pumped $90k cash so far and may not do it anymore

Of course those who are earning more have no problem hitting FRS in their 30s, with the exception case of the heng heng gambler @crimsontactics

Yeah, we clear loan by 45.

LOL same.... By 46.....

Like you said, it's a matter of choice
I can clear loan by 45 too but only for a $200k 3r BTO flat

That's why i said before 55... Coz cpf contributions will drop to 9% only...

Used to worry about that because I didn't know anything about how CPF works though I know a bit more now

 

[jtsh55]

I thought the contribution made after the day I turned 45 should be in different tier

Thanks
As long as hit FRS plus working plus yearly medisave topup, no need to pay cash since MA flows to OA monthly and the annual interest for OA would be above $20k after monthly HDB loan repayment of $700

Birthday on 12th, CPF credits on 18th

I think your CPF contribution on 18th March was based on your working month in February 2025 which was before your birthday, thus CPFB applied 0.5677 for your OA.

You may want to double check with CPFB on this though.

 

[Laneige]

I am turning 45 next year, so my OA allocation is it 0.5677 or 0.5136?

After birthday is above 45

 

[crimsontactics]

I earn below median pay of $5200,

Not intending to pledge with my flat
I topped $40k to meet BRS then $20k to meet BHS (both done three years back) in order to have the contribution of MA to be allocated to SA monthly
Been topping medisave to hit BHS every year since then ($3k+$3500+$4k) , then another $20k into SA two years back, on the way to FRS in 2029

Pumped $90k cash so far and may not do it anymore

Of course those who are earning more have no problem hitting FRS in their 30s, with the exception case of the heng heng gambler @crimsontactics




Like you said, it's a matter of choice
I can clear loan by 45 too but only for a $200k 3r BTO flat



Used to worry about that because I didn't know anything about how CPF works though I know a bit more now

Why tag moi Bro 1982-1994?

 

[hachi]

Is a choice and commitment... Don't 55 kbkp this high that high and need to pay cash for instalments... Coz one is hdb policy and the other one is cpf policy.

 

[1982-1994]

Is a choice and commitment... Don't 55 kbkp this high that high and need to pay cash for instalments... Coz one is hdb policy and the other one is cpf policy.

Won't complain
Worst case, upsize to a 4r at standard location

 

[hachi]

Won't complain
Worst case, upsize to a 4r at standard location

Now at prime location ? Nice.

 

[ask_yip]

That's why i said before 55... Coz cpf contributions will drop to 9% only...

just check cpf website, 9% is from 65...