CPF Account Value Thread 2023

[highsulphur]

16 more days to interest!

 

[andyhtc]

16 more days to interest!

After adding interest, I should have accumulated an equivalent (inclusive of T-Bills) of about $900k in my CPF by the end of 2023. I hope to hit $1 mil (inclusive of T-Bills) by the end of 2024.

 

[highsulphur]

After adding interest, I should have accumulated an equivalent (inclusive of T-Bills) of about $900k in my CPF by the end of 2023. I hope to hit $1 mil (inclusive of T-Bills) by the end of 2024.

hard to grow by 100k in a year due to the annual cap. Unless you invest and take risks

 

[andyhtc]

hard to grow by 100k in a year due to the annual cap. Unless you invest and take risks

Yes, optimistically, $103k to $115k for 2024 as follows:

CPF contribution = $37k
CPF/T-Bills interest = $26k to 28k
T-Bills/Voluntary housing refund = $40k to $50k

 

[highsulphur]

Yes, optimistically, $103k to $115k for 2024 as follows:

CPF contribution = $37k
CPF/T-Bills interest = $26k to 28k
T-Bills/Voluntary housing refund = $40k to $50k

ok if you include voluntary housing refund then it is possible.

 

[ahnyaahnya]

Increase ERS!

 

[Nofear40]

Just to share it is not say you want to topup they will take one. Me try cannot. Jan 2024 I try my luck again.

Are you referring to topping up SA to FRS? Cos SA investment is considered part of the SA amount before you can top up. I think the other guy is referring to MA where there will not be such issue

 

[Nofear40]

Increase ERS!

I am wishing and is still wishing that they will allow tax relief for topping up to ERS

 

[ahnyaahnya]

I am wishing and is still wishing that they will allow tax relief for topping up to ERS

Tax doesn't matter to me. I no pay IT. Not enough income, poor me.
My max ERS less than $300k . How much yours?

 

[Nofear40]

Tax doesn't matter to me. I no pay IT. Not enough income, poor me.
My max ERS less than $300k . How much yours?

I am still under 55. Hence my ERS at 55 is still unknown

 

[ahnyaahnya]

I am still under 55. Hence my ERS at 55 is still unknown

At least $300k +
Those turning 55 next year, ERS is $308 k.
Increases for each subsequent batch

 

[sohguanh]

Are you referring to topping up SA to FRS? Cos SA investment is considered part of the SA amount before you can top up. I think the other guy is referring to MA where there will not be such issue

I am talking about SA yes. From CPF online screen they don't show those taken out to invest so I thought got room to topup and proceed but system reject. As for MA already top to the max 68.5K

 

[Nofear40]

At least $300k +
Those turning 55 next year, ERS is $308 k.
Increases for each subsequent batch

Still very long way to go for me.

 

[BBCWatcher]

At least $300k +
Those turning 55 next year, ERS is $308 k.
Increases for each subsequent batch

The ERS increases for everyone with a Retirement Account. If you’re age 103 with a Retirement Account the ERS increases for you, too.

 

[yewlun]

@MoeLanYong aka @1982-1994 nvn in this thread ?

 

[1982-1994]

@MoeLanYong aka @1982-1994 nvn in this thread ?

A far cry to many others



Oh my medical fee still hasn't been reimbursed yet despite coming to 3 months liao

 

[Gaara1989]

A far cry to many others

View attachment 44845

Oh my medical fee still hasn't been reimbursed yet despite coming to 3 months liao

How old?

 

[1982-1994]

How old?

44

 

[Oldnerd79]

By the time I turn 55 in 10years time, FRS will probably be 300k, ERS 450k. Whether to top up RA to ERS with 150k will depend on 1) my health and 2) financial situation by then. Actually , CPF should allow members who choose ERS basic to revert to FRS if they change their mind since the interest is the same for SA and RA until CPF life payout starts.

 

[Nofear40]

The ERS increases for everyone with a Retirement Account. If you’re age 103 with a Retirement Account the ERS increases for you, too.

I thought the FRS & ERS amount is locked in at your 55?