CPF interest coming tonight

[KnyghtRyder]

may I know why u all topping up MA with $3.5k cash?

So that with the employment contributions more will flow into SA/OA. It increases how much funds are available to you to withdraw at 55.

For some of us this is the only option to "top up" our CPF because we already hit the FRS in our SA.

 

[terence2112]

Eh

Don't understand. Why is my MA transferred to OA for amount more than 75.5k? And i tot SA sld be capped at 213k for under 55yo yet i have more and not transferred?

1) because you have met 2025 BHS of $75,500 by end Dec, hence the overflow. It should overflow to SA to meet 2026 FRS, but since you have met it, it overflow to OA. This is a good problem to have.

2) contributions and interest earned in the SA will continue to be credited into the SA. This is for retirement purposes.

 

[VicFirth]

First post of my numbers. Thank you CPF

CPF $1, 192, 322.79

OA 602, 648.45

SA 330, 041.63

MA 79, 000

CPFIS 180, 632.70

50 this year. Refunded CPF for housing.

 

[KnyghtRyder]

Eh

Don't understand. Why is my MA transferred to OA for amount more than 75.5k? And i tot SA sld be capped at 213k for under 55yo yet i have more and not transferred?

Because MA is capped at 75.5k in 2025. Since the interest comes in on 31 Dec it is subject to the cap.

SA has no cap. Only a voluntary contribution limit.

 

[orwell76]

You got almost 100k more than me in SA!!!
360k more in OA!!!!

You still young

 

[The_Davis]

First post of my numbers. Thank you CPF

CPF $1, 192, 322.79

OA 602, 648.45

SA 330, 041.63

MA 79, 000

CPFIS 180, 632.70

50 this year. Refunded CPF for housing.

Wow $1.192m

@crimsontactics

 

[fandango]

It's in!!!!

 

[FlyGuardX]

Eh

Don't understand. Why is my MA transferred to OA for amount more than 75.5k? And i tot SA sld be capped at 213k for under 55yo yet i have more and not transferred?

congrats, it means you already hit FRS. MA flows to OA when your SA reaches FRS.

may I know why u all topping up MA with $3.5k cash?

if your SA already reach FRS, it is better to topup MA with 3.5k cash before your Jan salary hit. there's a cap of 8k voluntary topup to own account. if MA reaches BHS and SA reaches FRS, then there is only a small window throughout the year for you to topup MA for tax relief

 

[The_Davis]

You still young

You also still young leh

 

[orwell76]

You also still young leh

I 54 want to retire liao

 

[mcylo]

Waiting for your screenshot

i screenshot liao

 

[mcylo]

It's in!!!!

ok just checking. Yours or your wife's?

 

[yakunkia]

congrats, it means you already hit FRS. MA flows to OA when your SA reaches FRS.

if your SA already reach FRS, it is better to topup MA with 3.5k cash before your Jan salary hit. there's a cap of 8k voluntary topup to own account. if MA reaches BHS and SA reaches FRS, then there is only a small window throughout the year for you to topup MA for tax relief

Thanks. Gona top up 3.5k to MA for tax relief b4 my Jan salary contribution.

 

[midnightinparis]

First post of my numbers. Thank you CPF

CPF $1, 192, 322.79

OA 602, 648.45

SA 330, 041.63

MA 79, 000

CPFIS 180, 632.70

50 this year. Refunded CPF for housing.

Jin jelly bro, are u going to retire soon?

 

[The_Davis]

i screenshot liao

lol

only saw your interest

 

[bruiser69]

Ok read finish the flexing for now. Beri impressive! Thumbs up for all bros

Time to go jiak breakfast

 

[gnoes85]

Must thank our gov, able to make us retire at 55yo. Will continue vote for them

 

[EveMuffins]

tks tks..then I also go top up

@FlyGuardX @KnyghtRyder @highsulphur

 

[VicFirth]

Jin jelly bro, are u going to retire soon?

Consolidating my other instruments first and save up for another car or 10 years COE, then I will retire at 54 or 55. The original retirement age which I feel is a right balance of life and work.

63 is too late to enjoy life's offerings. My personal opinion. Cheers.

 

[wulu1_69]

Moi humble contribution Bros and Sis!

Moi ish 34 this year!

Oa so low, bought house already ah