CPF Account Value Thread 2025

[JuniorLion]

41y.

Amazing!

 

[BBCWatcher]

Qn for the gurus. If income tax reliefs are maxed (at 80k cap), is the only point to topup 4k to MA balance of 71500, the 4% interest on that 4k?

No, not only. Some people want the MA portion of compulsory contributions and/or MA interest to spill over into OA, for housing and/or the CPF Investment Scheme (OA). (Assuming their SA/RA has reached the Full Retirement Sum.) That's also why they keep their MAs pegged at the Basic Healthcare Sum.

just to check, for matched retirement sum scheme, since they're no longer eligible for tax relief from 2025, it means the optimal way is to top up:
- for 1 parent, $10000, so $8000 is for tax relief and $2000 is matched by govt
- for 2 parents, $12000 (e.g. $6000 father + $6000 mother), so that $8000 ($4000 + $4000) is for tax relief and $2000 each is matched by govt
... correct?

The tax relief and matching funds are nice, but even higher parental Retirement Accounts would be even nicer. Tax relief and matching funds do not set limits on RA balances. The Enhanced Retirement Sum (ERS) does.

 

[sunbox]

My SA is 207,215 and MA is 71,500. My employer contributions come on 13th every month. Can I top SA and MA for 8k tax relief?

 

[JuniorLion]

My SA is 207,215 and MA is 71,500. My employer contributions come on 13th every month. Can I top SA and MA for 8k tax relief?

Yes. Total of 8k self-relief; can be MA or SA top up or a combination of both.

 

[maumu]

...

The tax relief and matching funds are nice, but even higher parental Retirement Accounts would be even nicer. Tax relief and matching funds do not set limits on RA balances. The Enhanced Retirement Sum (ERS) does.

appreciate your comments but my concern is about tax relief and not aiming to maximize my parents' RA to ERS.

god knows I still need to build my own nest as I'm not born with a silver spoon, so your comments unfortunately aren't useful to me.

 

[BBCWatcher]

My SA is 207,215 and MA is 71,500. My employer contributions come on 13th every month. Can I top SA and MA for 8k tax relief?

Yes, the 2025 Full Retirement Sum is $213,000. You can add cash to your MA and/or your SA, and you should probably do that on January 11 (2 days before you expect your payroll cycle) if that's what you want to do. You can currently add up to $5,785 to your SA (the gap below the 2025 FRS) and up to $4,000 to your MA (the gap below the 2025 BHS). Up to $8,000 (total) is eligible for tax relief.

Since your SA is so close to the FRS I'd probably do all $4K in MA and (up to) $4K into SA. But bear in mind you may have additional tax relief opportunities whenever there's a MA deduction (for insurance premiums and medical spending), so you can factor that into your decision. Also, if you have a qualified family member (such as a spouse) who can transfer OA dollars into your SA, that's great. (And you can return the favor.)

 

[BBCWatcher]

appreciate your comments but my concern is about tax relief and not aiming to maximize my parents' RA to ERS.

The ERS is only a limit, and I only characterized it as such. You can pick any dollar (or penny) amount within that limit. You may also have OA dollars available to transfer into their RAs, depending on your situation.

god knows I still need to build my own nest as I'm not born with a silver spoon, so your comments unfortunately aren't useful to me.

OK, then you also have the option to not top up their RAs, or to top them up less than the figures you gave. I would also point out you have the legal obligation in Singapore to support your parents if they ever need a basic level of financial support that they don't/won't have. It's also tough to build a nest egg, or to grow one, if your parents end up needing more financial support than you currently expect. Oversimplifying slightly, your money is legally theirs, to a degree.

Good luck.

 

[laokorkor]

673k CPF net balance (OA+SA+MA+IS)
439k CPF property withdrawal (principal+accrued interest)

Regrossed balance 1.1m. 52 yo.

 

[henrylbh]

This is the day when you log in to your CPF and gets a sweet surprise. Interest gets credited and you feel an urge to show off your big account. Many hidden dragons here are ultra rich. Share your acccount vakue to inspire all of us! With pictures please.

Don't say ultra rich, even rich won't spend time here.

 

[JuniorLion]

673k CPF net balance (OA+SA+MA+IS)
439k CPF property withdrawal (principal+accrued interest)

Regrossed balance 1.1m. 52 yo.

Very impressive!

 

[henrylbh]

673k CPF net balance (OA+SA+MA+IS)
439k CPF property withdrawal (principal+accrued interest)

Regrossed balance 1.1m. 52 yo.

What about another $334k in CPFIS-OA?

 

[BBCWatcher]

Don't say ultra rich, even rich won't spend time here.

Bill Gates has been reported to clip coupons and to present them to a supermarket cashier as he personally does his own grocery shopping.

People, including ultra rich and rich people, choose to spend their time however they wish (legally). And it doesn't necessarily make strict financial sense how they often spend their time, but so what?

 

[The_Davis]

I won’t post screenshots, but in my household one spouse is 55+ and the other isn’t yet. The older spouse had an RA at the ERS in 2024 and has SA dollars in excess of the $117,300 increase in the ERS for 2025. Plus some OA dollars that mostly came back in from a T-bill recently. The younger spouse has SA dollars in excess of the FRS. Both spouses have $71,500 MA balances.

January plans: (1) The younger spouse will transfer all OA dollars (current early January OA balance) to the older spouse’s RA. (2) The older spouse will transfer the remainder of the $117,300 ERS increase from the spouse’s own SA to RA. (3) Both spouses will deposit $4,000 of cash in their respective MAs, for tax relief. One spouse has a December payroll cycle to beat, and the other has a January payroll cycle to beat (December’s was in December).

Later 2025 plans: When any deductions from MA occur (for insurance premiums, for example) that spouse will swoop in with a cash deposit (hopefully for tax relief) ahead of the next payroll cycle. The older spouse will use OA effectively as a savings account, reducing bank cash in favor of long-term investments.

How many spouses you have?

 

[henrylbh]

you have habit of saying things that are out of the ordinary, for lack of what to say And when you got lot to say, you overdo them such that it's a pain to read

 

[BBCWatcher]

How many spouses you have?

Ha!

One is great.

 

[chiokcc]

673k CPF net balance (OA+SA+MA+IS)
439k CPF property withdrawal (principal+accrued interest)

Regrossed balance 1.1m. 52 yo.

I think you better masked out your account numbers ......

 

[henrylbh]

How many spouses you have?

You can ask what's his religion?

 

[The_Davis]

36yo CPF

You can ask what's his religion?

I still want to post around here

shhhh

 

[royalmix]

How many spouses you have?

Let me guess from his riddles! His wife is older than him! He is the other spouse of the household, so there are 2!

 

[westtraveller]

No, not only. Some people want the MA portion of compulsory contributions and/or MA interest to spill over into OA, for housing and/or the CPF Investment Scheme (OA). (Assuming their SA/RA has reached the Full Retirement Sum.) That's also why they keep their MAs pegged at the Basic Healthcare Sum.

The tax relief and matching funds are nice, but even higher parental Retirement Accounts would be even nicer. Tax relief and matching funds do not set limits on RA balances. The Enhanced Retirement Sum (ERS) does.

Thanks. I think I’m not going to top up MA to 75500 because SA is already > FRS, no tax relief and with MA overflowing to OA, might as well invest that cash directly in my brokerage.