CPF Accounts Value Thread 2021

[hwmook]

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

I take money out from CPF to invest, don't dare to post. Everybody here seem to think putting money into CPF is a good deal. I think otherwise.

 

[minamikaze]

Hi! 2 questions:

1) I've just sold my 1st property and received a sum of money back into my OA. I've also just bought another property but intend to service it entirely with cash, given the extremely low interest rates now.
Wondering what to do with that 140k in the OA... a little reluctant to dump all into SA as I'm 34 this year and intend to top up 7k yearly to enjoy the tax relief, and also not sure if I want to lock up all that money in SA.
Any thoughts? Does it make sense to maybe use all that OA money to invest into the S&P 500 instead? However, I already have $1.1m in stocks at the moment

2) I was trying to find the page where my yearly contribution (to the $37.7k Annual Limit) is stated, but I couldn't find it. Instead, this is the closest thing to what I need. From this image, am I right to say that $34422 (employee + employer + voluntary) contributes to the Annual Limit cap?

Thanks for your help!

 

[decibel.]

Housing used about 18k so far

How much you top up so far?

Sent from HUAWEI VOG-L29 using GAGT

 

[highsulphur]

Hi! 2 questions:

1) I've just sold my 1st property and received a sum of money back into my OA. I've also just bought another property but intend to service it entirely with cash, given the extremely low interest rates now.
Wondering what to do with that 140k in the OA... a little reluctant to dump all into SA as I'm 34 this year and intend to top up 7k yearly to enjoy the tax relief, and also not sure if I want to lock up all that money in SA.
Any thoughts? Does it make sense to maybe use all that OA money to invest into the S&P 500 instead? However, I already have $1.1m in stocks at the moment

2) I was trying to find the page where my yearly contribution (to the $37.7k Annual Limit) is stated, but I couldn't find it. Instead, this is the closest thing to what I need. From this image, am I right to say that $34422 (employee + employer + voluntary) contributes to the Annual Limit cap?

Thanks for your help!

I would probably just transfer OA to SA to max out and miss out on the tax relief

 

[s0crates]

Hi! 2 questions:

1) I've just sold my 1st property and received a sum of money back into my OA. I've also just bought another property but intend to service it entirely with cash, given the extremely low interest rates now.
Wondering what to do with that 140k in the OA... a little reluctant to dump all into SA as I'm 34 this year and intend to top up 7k yearly to enjoy the tax relief, and also not sure if I want to lock up all that money in SA.
Any thoughts? Does it make sense to maybe use all that OA money to invest into the S&P 500 instead? However, I already have $1.1m in stocks at the moment

2) I was trying to find the page where my yearly contribution (to the $37.7k Annual Limit) is stated, but I couldn't find it. Instead, this is the closest thing to what I need. From this image, am I right to say that $34422 (employee + employer + voluntary) contributes to the Annual Limit cap?

Thanks for your help!

You seem like a high flyer that pays a lot of taxes... Lol on that note you probably don't want to hit CPF FRS fast because you cannot do cpf SA top-up (RSTU) when you hit FRS.

If I were you I would just invest my cpf, money is locked in for good, why not just invest it over the next 21 years?

 

[sg_lancelot]

How much you top up so far?

Sent from HUAWEI VOG-L29 using GAGT

I'd say in the area of maybe 30+k perhaps? Combination of RSTU, VC to MA and OA to SA transfer.

 

[DevilPlate]

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

Treating Cpf as part of bond allocation and using spare cash to invest instead.

 

[minamikaze]

You seem like a high flyer that pays a lot of taxes... Lol on that note you probably don't want to hit CPF FRS fast because you cannot do cpf SA top-up (RSTU) when you hit FRS.

If I were you I would just invest my cpf, money is locked in for good, why not just invest it over the next 21 years?

Invest OA in?
Yes, I believe the tax savings would outweigh the interest earned from SA, hence I'm not so keen to dump all the money into SA and reach FRS.

 

[JuniorLion]

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

Sent from lalaland using GAGT

Thanks for sharing! Really nice

 

[limster]

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.

yup the cpf website is crystal clear that you should refund/top-up last day of the month: "For instance, contributions (including refunds) received this month start earning interest next month. Withdrawals/deductions in this month will not earn interest from this month onwards."

 

[chiokcc]

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

Just try to login at around 0850am jus now, guess last night's maintenance has been useful. No more lag....

 

[IronMan123]

Housing used about 18k so far

Most people's MA max at $60k. Why and how yours can hit $63k?

 

[JuniorLion]

Most people's MA max at $60k. Why and how yours can hit $63k?

He topped up after 1 Jan.

 

[IronMan123]

He topped up after 1 Jan.

OIC.......

 

[s0crates]

I did STI etf before, now I am investing in a 100% equity portfolio with endowus.

Cpf investing is extremely restrictive in terms of investment choices (unit trusts is the only way to be globally diversified, and also local stocks max 35% of investible sum) and costly because of agent bank charges.

We got to pick the best out of the not so great choices lol.

Invest OA in?
Yes, I believe the tax savings would outweigh the interest earned from SA, hence I'm not so keen to dump all the money into SA and reach FRS.

 

[highsulphur]

Interesting perspective today in ST about going for BRS and then top up with cash to FRS or ERS using cash. But the timing of the top up matters right since it will affect the amount of RA at 65 and consequently the payout from CPF Life thereafter?

 

[s0crates]

Spare money fully invested Liao.... Lol whacked cpf monies in march and haven't look back since then.

For those that have subscribe to this point of "CPF is bond" perspective, my points for consideration.... Keke

1. High grade bond funds/ETFs have exploded in value because of interest rate drops. Your cpf still earns 2.5%/4.0%p.a.. Cpf does not act like a bond. It does not help overall portfolio performance like a bond.

2. You probably did not "rebalance" your portfolio when the market tank, rotating out of CPF into equities market

Treating Cpf as part of bond allocation and using spare cash to invest instead.

 

[chiokcc]

Is there an online calculator so that I can see what sort of options and distribution of my various CPF money when I hit age 55 in 10 years' time? I prefer to be able to enter my exact amount to see the results rather than having generic examples given in the various websites and examples.

 

[Guojing88]

Interesting perspective today in ST about going for BRS and then top up with cash to FRS or ERS using cash. But the timing of the top up matters right since it will affect the amount of RA at 65 and consequently the payout from CPF Life thereafter?

If you do it very early after you turn 55, it would not affect the payout significantly.

 

[zoneguard]

1. High grade bond funds/ETFs have exploded in value because of interest rate drops. Your cpf still earns 2.5%/4.0%p.a.. Cpf does not act like a bond. It does not help overall portfolio performance like a bond.

CPF is a risk-free asset with zero correlation to the market. BUT accessible only from 55 onwards with many caveats.