CPF Accounts Value Thread 2022

[JuniorLion]

Share your CPF Account Balances.

With pictures.

 

[hub8246]

Why need to share?

 

[andyhtc]

I just checked my CPF and realised that the MA interest is accumulated within the new $66k-limited MA instead of overflowing to the SA/OA.

Hence, the $3k top-up hack for MA on 1 Jan does not fully work. Those who hit already $63k will see about $65.5k in the MA, which only allows about $0.5k of top-up for a tax deduction in 2023.

My interest this year is $19k+

 

[JuniorLion]

I just checked my CPF and realised that the MA interest is accumulated within the new $66k-limited MA instead of overflowing to the SA/OA.

Hence, the $3k top-up hack for MA on 1 Jan does not fully work. Those who hit already $63k will see about $65.5k in the MA, which only allows about $0.5k of top-up for a tax deduction in 2023.

My interest this year is $19k+

Give it a few hours or 1 day.

 

[lzydata]

I just checked my CPF and realised that the MA interest is accumulated within the new $66k-limited MA instead of overflowing to the SA/OA.

Hence, the $3k top-up hack for MA on 1 Jan does not fully work. Those who hit already $63k will see about $65.5k in the MA, which only allows about $0.5k of top-up for a tax deduction in 2023.

My interest this year is $19k+

From what I remember happened early in 2021, there will be a transfer between accounts to move the MA interest. Just wait a day or two.

 

[andyhtc]

Oh yes, I now remember that there will be a transfer later. I have already done about $0.5k of top-up. I will make another top-up tonight before my Dec CPF contribution comes in.

 

[lzydata]

Now I am confused, it is showing the MA interest transferred to OA, but last year it was to SA.

But I think the general principle that CPF is a bit messed up in first few days of January holds.

 

[iMac]

Now I am confused, it is showing the MA interest transferred to OA, but last year it was to SA.

But I think the general principle that CPF is a bit messed up in first few days of January holds.

Yor SA reached FRS ?

 

[iMac]

I just checked my CPF and realised that the MA interest is accumulated within the new $66k-limited MA instead of overflowing to the SA/OA.

Hence, the $3k top-up hack for MA on 1 Jan does not fully work. Those who hit already $63k will see about $65.5k in the MA, which only allows about $0.5k of top-up for a tax deduction in 2023.

My interest this year is $19k+

Wait a while...it should goes to OA account....the CPF server is still busy sorting out...

 

[limster]

Why need to share?

this is the annual legendary thread where all the 7-figure CPF account holders post their balances.

 

[aspiringFI]

this is the annual legendary thread where all the 7-figure CPF account holders post their balances.

All the dragons still sleeping while their CPF is making money.

 

[lzydata]

Yor SA reached FRS ?

I think so, yes, thank you!

 

[tchen003]

My MA reach 63k, then the interest flow to SA. Didn’t see the new BHS take effect

 

[doratch]

My MA reach 63k, then the interest flow to SA. Didn’t see the new BHS take effect

That is correct.
If your MA hit 63K in 2021, the interest generated for MA will either flow to SA or OA.
Now, you have the choice to topup 3K into your MA.

 

[polyglob]

The feeling now macam waiting for a parade or beauty pageant to start

 

[tchen003]

That is correct.
If your MA hit 63K in 2021, the interest generated for MA will either flow to SA or OA.
Now, you have the choice to topup 3K into your MA.

Yeap,

the mandatory contribution will help MA reach 66k then remaining flow to SA as I haven’t reached FRS yet

 

[Squaredot]

I just checked my CPF and realised that the MA interest is accumulated within the new $66k-limited MA instead of overflowing to the SA/OA.

Hence, the $3k top-up hack for MA on 1 Jan does not fully work. Those who hit already $63k will see about $65.5k in the MA, which only allows about $0.5k of top-up for a tax deduction in 2023.

My interest this year is $19k+

Check your account again,
my MA is showing 63k, interest went to OA..

 

[chiokcc]

I am done topping up my own MA, and parents' RA .....

Happy 2022 everyone!!

 

[andyhtc]

Check your account again,
my MA is showing 63k, interest went to OA..

Yes, my MA to OA transfer is now completed. I have also just topped up another batch to make up $3k to my MA

Since I am using some MA for my insurance, I will top up more MA throughout the year whenever there is an insurance deduction.

 

[Squaredot]

That is correct.
If your MA hit 63K in 2021, the interest generated for MA will either flow to SA or OA.
Now, you have the choice to topup 3K into your MA.

If I topup my MA to 66k, can I withdraw the topup money 3k from OA in future?