CPF Accounts Value Thread 2021

[chiokcc]

Is the CPF website laggy? Been trying to access some services for the past 2 hours, nothing got done ....

 

[fr33d0m]

Is the CPF website laggy? Been trying to access some services for the past 2 hours, nothing got done ....

Since yesterday.

 

[chiokcc]

Since yesterday.

OK, thanks!

Thought I could do some top-ups before start of work on Monday ....

 

[highsulphur]

OK, thanks!

Thought I could do some top-ups before start of work on Monday ....

No point topping up early in the month as interest is calculated based on the lowest balance of each month

 

[Uacesg]

just gotten my wife's cpf balances.

posting without authorisation

mid to late 40s.

Sorry noob question, how come the SA can be above the FRS? Tot anything above FRS will flow to OA? Thanks in advance.

 

[ocs_woodlands]

Sorry noob question, how come the SA can be above the FRS? Tot anything above FRS will flow to OA? Thanks in advance.

SA can continue to grow indefinitely and without limit so long as the growth is due to either i) regular salary contribution ii) SA interests or iii) investment gains.

The FRS cap is only applicable for OA transfers to SA.

 

[zoneguard]

SA can continue to grow indefinitely and without limit so long as the growth is due to either i) regular salary contribution ii) SA interests or iii) investment gains.

iv) Voluntary contributions to all 3 accounts.

 

[highsulphur]

iv) Voluntary contributions to all 3 accounts.

Subject to annual limits after accounting for (i)

 

[WWH123]

Sorry noob question, how come the SA can be above the FRS? Tot anything above FRS will flow to OA? Thanks in advance.

His wife not yet 55, that's why.
Transferred all from OA to SA.

 

[o2atom]

Hi all,
let's say I am 36 years old this year and if I have $100k each on OA and SA, MA is maxed out. Should i move everything over to max out SA?
Based on my own excel calculations, by age 55, I would only have gained $30K more in total interest, or average $1.5K more per year in exchange of losing liquidity to use CPF-OA.
Does the numbers make sense or have I made a mistake in my calculations?

If you don't foresee to use OA for something else (e.g. mortgage repayment), you can consider transferring OA to SA to meet this year FRS ($186k) after doing $7k top-up to SA to get tax relief in YA2022.
Once you meet the FRS in your SA, even without any contributions, the annual interests you get should be able to cover the yearly increased in FRS.

 

[o2atom]

No point topping up early in the month as interest is calculated based on the lowest balance of each month

This was true in the old eNETS days, but not anymore after CPF introduced Top Up via PAYNOW. Our top-up is now immediately reflected (e.g. top up made yesterday 01-Jan was reflected as 01-Jan).

 

[o2atom]

Is the CPF website laggy? Been trying to access some services for the past 2 hours, nothing got done ....

Too many people logged in since yesterday to check their interests and do a top-up. Haha.

 

[zoneguard]

This was true in the old eNETS days, but not anymore after CPF introduced Top Up via PAYNOW. Our top-up is now immediately reflected (e.g. top up made yesterday 01-Jan was reflected as 01-Jan).

No change to how interest is computed: https://www.cpf.gov.sg/members/FAQ/...s&group=Others&folderid=13726&ajfaqid=2192131

Do your top-ups on the last day of the month.

 

[zoneguard]

The FRS cap is only applicable for OA transfers to SA.

And cash top-ups to SA also subject to same FRS cap.

 

[kehyi4]

So few people show hand this yr
47yo (why did I write 48 earlier -_-")

Sent from lalaland using GAGT

 

[SBC]

So few people show hand this yr
48yo

Sent from lalaland using GAGT

Haha.

Mine is:
OA: 125k
SA: 228k
MA: 60k

My age is close to 50 too.

 

[babyrobo]

VC no difference.

Thanks! That's to say if you top up $2k then entire $2k goes to OA?

 

[Midlifecrisis]

Haha.

Mine is:
OA: 125k
SA: 228k
MA: 60k

My age is close to 50 too.

Cannot load my screen shot due to my min no of posting
Anyway, just post for the fun of it
OA 75K
SA 243K
MA 60K
Housing plus int accrued 600K

 

[s0crates]

No one maximising cpf by taking money out of it?? Hahaha

 

[sg_lancelot]

Housing used about 18k so far