Anyone here do cash top-up CPF?

[cai_png27]

Rather pay the taxes then to put into something that will change policy with a stroke of a pen

 

[Slowdown]

(2) Use the 10th year balance minus $40k to buy a qualifying annuity before the SRS account is closed

Would like to have a better idea on this point.

Assume today is my 9th year. Which annuity plan on the current market I can buy? I am not familiar with annity plan. Not sure which one in the market fit the requirement.

 

[Needmysleep]

No. Will pay my taxes .
I keep OA at ZERO.
Rest all into my boring a*se ETFs.

 

[standarture]

Its ok la. Let people put in CPF. Better than being scammed anyway.

 

[Lao_Tiko]

Would like to have a better idea on this point.

Assume today is my 9th year. Which annuity plan on the current market I can buy? I am not familiar with annity plan. Not sure which one in the market fit the requirement.

annuity plans are similar to CPF Life which guarantees you an income for life. The key here is finding one that is SRS qualified, that is - you can buy with SRS funds at the latest possible entry age (in your case) and most importantly enable you to extend your withdrawal window beyond 10 years once your SRS account is closed.

Manulife RetireReady Plus (III)
NTUC Gro Retire Flex Pro II
PruActive Retirement III

These appear to fit the bill.

My assumption is that their payout will continue into your nominated bank account instead of the SRS once it is closed after the 10th year withdrawal without tax penalties

 

[thyler_koh]

If your Retirement Age is 62yo, technically every year withdraw 40k without having to pay tax.
First 20k no tax.
2nd 20k if no other income, then no tax as well.
If still working, after 62, better not to withdraw as the 40k adds to your yearly income.
Issue is you have 10 years to withdraw up to 400k.
After that, SRS account closes, or if uplorry earlier, also closes.

Provided I have 400k in my SRS account in order for me to worry about this 40k per annual issue . If my SRS account is on the lower end of 100k, I need not even worry about this

 

[kebinu]

Siam tax, let’s say reduce by 7%, this is $560 liao.
Some more 4% return guaranteed (somehow) in SA. It’s definitely worth it enough.

there’s no easier investment than this for most people.

 

[Lchlch]

2 weeks left to 2026

Will you do cash top-up CPF?

No I dnt.

 

[dry_county]

I used to do CPF cash top-up every year to save tax. After i reached FRS, can no longer top up. Now can only do Medisave top-up at the beginning of each January and top up Medisave when my family health insurance is deducted.

 

[WWH123]

Provided I have 400k in my SRS account in order for me to worry about this 40k per annual issue . If my SRS account is on the lower end of 100k, I need not even worry about this

You will be surprised more than 400k balances in SRS are commonplace.

 

[WWH123]

2025 is the 1st year where one is allowed to top-up to 4x BRS ($426k).
Will see what happens in a month's time after cash top-up at end of Jan.

 

[dry_county]

2025 is the 1st year where one is allowed to top-up to 4x BRS ($426k).
Will see what happens in a month's time after cash top-up at end of Jan.

I think for tax savings, it is only applicable to FRS for cash topup...

 

[Lao_Tiko]

I used to do CPF cash top-up every year to save tax. After i reached FRS, can no longer top up. Now can only do Medisave top-up at the beginning of each January and top up Medisave when my family health insurance is deducted.

 

[blankies]

Waiting for 1st Jan......