CPF Accounts Value Thread 2020

[articland05]

Use spreadsheet to find optimal strategy.
Use your tax bracket % on 7k, this is what you save on tax.
If not using 7k cash, what will your money earning outside?
Your number of working years.
Intention to buy house.
Bank loan, partial/full redemption.
You can find out for yourself to OA->SA is wise or not?

I would want the 7k for tax relief
hse I have liao. taking 30yrs loan at 1.x% interest.
dun intention to do any lump sum payment for mortgage since the interest so low.

Sent from LGE LG-H990 using GAGT

 

[decibel.]

cannot transfer anymore.

Once you hit FRS, the interest growth will be more than the annual limit growth. Sweet trouble.

Huh serious? If hit FRS also can't do OA -> SA??? I thought just cash top up not allowed? Got link to the policy?

Sent from HUAWEI VOG-L29 using GAGT

 

[JuniorLion]

Any more to share?

 

[ocs_woodlands]

thread getting detailed...
so far only 5 pix... TS should support own thread and post his too..

I contribute mine.....

 

[Thoreldan]

thread getting detailed...
so far only 5 pix... TS should support own thread and post his too..

I contribute mine.....

Satki !!!
Care to share your age (or age grp) also ?

 

[kehyi4]

Dunno why i'm posting this ... 46yo btw

 

[Thoreldan]

Many hidden dragons come out liao

 

[malthead]

On track
44 years old

 

[tomicaguy]

Looking for 1st $1M CPF.

 

[peppermint7]

Wahh all so rich here!
I step into Millionaire's club?

 

[civicguy]

On track
44 years old

Wow. This is impressive

How does your SA grow to $270K. I cannot top up every year as the system always said I cannot top up.

 

[polyglob]

Wow. This is impressive

How does your SA grow to $270K. I cannot top up every year as the system always said I cannot top up.

Big bonuses, I reckon.

 

[ocs_woodlands]

Satki !!!
Care to share your age (or age grp) also ?

47yo male...

 

[malthead]

Wow. This is impressive

How does your SA grow to $270K. I cannot top up every year as the system always said I cannot top up.


https://ibb.co/vP7vjBL

No secret. I transfer from my whatever OA to max out SA as soon as I started working...

The downside to this is that I top up my SA to reduce my tax later

 

[sneggg]

wa impressive how to have so much in cpf? no housing loan? or super high earners.

cpf is good!!!! lol

 

[SKenny]

On track
44 years old

This is impressive.

I am in my 50's and my SA is only about $100k.

 

[sg_lancelot]

30 this year.
Expecting BTO to be ready in 2021.

Should I transfer OA to SA? Or should I hold and let HDB drain my OA in 2021?

 

[vectorguru]

ask you all those who using cpf OA for HDB housing loan at 2.6% rate, is it better to do voluntary refund (principal amt) back to OA or to redeem housing loan with HDB?

 

[Soccerpunter888]

On track
44 years old

有钱人的生活

 

[Tp101s]

OA - Staying with parents all these while?
SA - about right with topups

On track
44 years old