CPF Account Value Thread 2025

[chiokcc]

 

[highsulphur]

Coincidentally I just watched it on YouTube earlier

 

[chiokcc]

Yar, one more "hack" that can be considered .....

 

[henrylbh]

actually many in their mid 30s already have SA + OA = $400k liao

Don't say many. Not easy for many or how many person, age 25 starts off working with cpf annual contribution limit of which 21% goes to MA and 24% when he reaches 35 when graduates are lamenting on their starting salary in the press. Who gets 5 months' bonus every year and hits the annual contribution limit.

 

[hwmook]

Don't say many. Not easy for many or how many person, age 25 starts off working with cpf annual contribution limit of which 21% goes to MA and 24% when he reaches 35 when graduates are lamenting on their starting salary in the press. Who gets 5 months' bonus every year and hits the annual contribution limit.

I am sure at least 80% of the people does not have 400k in CPF by 35. Just take median salary x 12 years already can tell it's impossible to have 400k in CPF with 12 years of work. You get max 30k a year in OA/SA, how to get 400k by mid 30s for MANY? That is considering you get 7k salary and 3 months bonus from the first day you start work. I only got 600k in my OA/SA after 18 years of work, must be a real elite for somebody to get 400k in OA/SA after 12 years of work.

 

[tehhalia]

if many no need downpay / installment for housing, and OA transfer to SA, then many maybe
if not, i guess it's some ,not many

 

[royalmix]

https://dollarsandsense.sg/much-cpf-savings-every-age-group/

 

[DevilPlate]

I am sure at least 80% of the people does not have 400k in CPF by 35. Just take median salary x 12 years already can tell it's impossible to have 400k in CPF with 12 years of work. You get max 30k a year in OA/SA, how to get 400k by mid 30s for MANY? That is considering you get 7k salary and 3 months bonus from the first day you start work. I only got 600k in my OA/SA after 18 years of work, must be a real elite for somebody to get 400k in OA/SA after 12 years of work.

Edmw standard 20k per mth

 

[BBCWatcher]

Who gets 5 months' bonus every year and hits the annual contribution limit.

That old rule started changing on September 1, 2023, when the ordinary wage (OW) ceiling started increasing from $6,000. Currently the OW ceiling is $7,400; therefore less than 2 months' worth of variable pay could get you to the CPF Annual Limit. Starting on January 1, 2026, the OW ceiling will rise to $8,000, and consequently variable pay equivalent to as little as ¾ of one month could get you to the CPF Annual Limit.

I am sure at least 80% of the people does not have 400k in CPF by 35. Just take median salary x 12 years already can tell it's impossible to have 400k in CPF with 12 years of work.

At median wages, true.

You get max 30k a year in OA/SA, how to get 400k by mid 30s for MANY? That is considering you get 7k salary and 3 months bonus from the first day you start work. I only got 600k in my OA/SA after 18 years of work, must be a real elite for somebody to get 400k in OA/SA after 12 years of work.

The Basic Healthcare Sum is currently $75,500, so let's look at how long it'd take to get to $475,500 ($400,000+$75,500). An individual who's paid $102,000 or more per year typically hits the CPF Annual Limit of $37,740. Add $8,000 per year for tax relief (probably tossed into MA, then SA, then MA), let's suppose, so the yearly inflow adds up to $45,740 — less when MA and SA are "full." Add interest, including bonus interest. And OA to SA transfers to boost interest. Put together, $475,500 is achievable in about 10 years assuming only small deductions (for CareShield Life from age 30, for example).

Obviously that's not most people, but it is some people.