CPF Accounts Value Thread 2020

[malthead]

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

Property fully paid. Partly with cpf initially but I refunded the cpf portion

 

[malthead]

This is impressive.

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

Except your OA has 1m.....

 

[snowblaze]

Bro, very nice. you must be a high income earner. I am older but nowhere near what u have in CPF.

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?

 

[limster]

Property fully paid. Partly with cpf initially but I refunded the cpf portion

I also have the same idea of paying back my CPF housing a little bit every month, treat it like a regular savings plan!

Your $271k SA is very impressive! I regret not maxxing out my SA earlier

 

[addict951]

need some advise here.

I would like to have tax relief of 7k top up to SA but my OA is more then enough to trf to SA to hit FRS of 181k. but doing means I no longer can claim the 7k tax relief.

what would be the better approach for best of both worlds?

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Dun transfer OA to SA to reach FRS.
Your SA actually will reach FRS rooftop sooner than you imagine.
Cos I was in this same exact situation.

You aga, if you transfer to hit SA FRS, you gain maybe $1K+ interest in SA by year end.

If your SA hasn’t reach FRS, and you get to throw 7K as tax relief and you pay $1K tax less, why not right???
It’s either this or that.

 

[terence2112]

Turning 35 this year.

OA: $38,577.54
SA: $55,430.89
MA: $57,000

Not sure should I transfer 30k from OA to SA, so can hit current BRS. Any advice?

 

[BBCWatcher]

Not sure should I transfer 30k from OA to SA, so can hit current BRS. Any advice?

What portion of your OA dollars are you earmarking for housing, or do you have other ready sources of funding for any reasonable housing needs and aspirations?

 

[articland05]

Turning 35 this year.

OA: $38,5777.54
SA: $55,430.89
MA: $57,000

Not sure should I transfer 30k from OA to SA, so can hit current BRS. Any advice?

woah! ur OA is 385k!?

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[terence2112]

woah! ur OA is 385k!?

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Sorry typo! Have edited. Thanks for the alert

 

[terence2112]

What portion of your OA dollars are you earmarking for housing, or do you have other ready sources of funding for any reasonable housing needs and aspirations?

Currently serving mortgage. At the moment, don’t have any aspiration to upgrade or change though.

I have some investments in stocks, market value is around $95k though.

 

[undiscern]

Jin satki! Congratulations! We know we should vote for who! CPF wanshui!

 

[BBCWatcher]

Currently serving mortgage. At the moment, don’t have any aspiration to upgrade or change though.

OK, it depends on how much mortgage servicing buffer you want to maintain, and how much of it you need to maintain specifically in your CPF Ordinary Account versus general cash emergency reserves. It's then quite reasonable to transfer OA dollars above your desired buffer to your Special Account.

 

[henrylbh]

Interest in already! Congratulations all!

Ya interest already credited when I logged this evening. This the first time that CPF interest is credited on the 1st of the year.

 

[dork32]

i think this thread not very meaningful.

those that use oa to pay for home loan with have lousy numbers compared to those that live with parents.

better comparison would be to add the (home value - outstanding loan).

 

[henrylbh]

i think this thread not very meaningful.

those that use oa to pay for home loan with have lousy numbers compared to those that live with parents.

better comparison would be to add the (home value - outstanding loan).

Yes it's not meaningful even though I have no home loan

But I have about 180k in CPFIS that earns zero interest and not shown as part of my CPF balances

 

[SKenny]

i think this thread not very meaningful.

those that use oa to pay for home loan with have lousy numbers compared to those that live with parents.

better comparison would be to add the (home value - outstanding loan).

If you do so, people who hit the salary ceiling limit would have roughly the same amount.

People who has high CPF balance could mean that they either pay for their property with cash, or living in other people property (parent, rental etc). Those in the former means that they are cash rich beside their CPF balance
It tells alot about their financial situation.

 

[henrylbh]

People who has high CPF balance could mean that they either pay for their property with cash, or living in other people property (parent, rental etc). Those in the former means that they are cash rich beside their CPF balance
It tells alot about their financial situation.

I paid with cash and lease out my study room Return on lease is about 1.23% of purchase price.

 

[limster]

i think this thread not very meaningful.

Please refer to the purpose of this thread:
https://forums.hardwarezone.com.sg/124406105-post4.html

 

[articland05]

i think this thread not very meaningful.

those that use oa to pay for home loan with have lousy numbers compared to those that live with parents.

better comparison would be to add the (home value - outstanding loan).

my purpose of seeing such sharing is to know what is achievable by others.

is 500k SA possible? apparently is...
I wouldn't know if no one shared...

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[OngHuatHuat]

Possible if you max SA at young age and have employment contribution all the way.

my purpose of seeing such sharing is to know what is achievable by others.

is 500k SA possible? apparently is...
I wouldn't know if no one shared...

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