CPF Accounts Value thread

[mummy1234]

I don't know how to post pics...but if u believe me, I will have about S$366k across 3 accounts after I sell my investment small condo unit.
43 years old...not a lot for my age cause I am selfemployed and don't top up much cash.

 

[K|muRa^84]

why turn this place into edmw?

 

[JuniorLion]

why turn this place into edmw?

I thought since there's some guy who show off about his investment monies, it's acceptable to show off CPF =)

 

[Dividends Warrior]

Biggest canon fairy is ex minister? He was already feeling so rich many years ago.

Forever classic video He is such a good role-model
Future generations can watch and shout 'Huat ah!'

 

[Shion]

Forever classic video He is such a good role-model
Future generations can watch and shout 'Huat ah!'

I feel "confident" with such leaders around

 

[PostCountWarrior[+1]]

you so confident you can always use cash for property? Then ok, that makes sense.

I still keep alot in OA for a rainy day to pay property, can also use to buy stocks during crisis. SA cannot buy stocks. Moreover, up to a certain limit, you cannot put money in SA anymore. I top up 7k to SA every year for tax benefits.

 

[havetheveryfun]

you so confident you can always use cash for property? Then ok, that makes sense.

I still keep alot in OA for a rainy day to pay property, can also use to buy stocks during crisis. SA cannot buy stocks. Moreover, up to a certain limit, you cannot put money in SA anymore. I top up 7k to SA every year for tax benefits.

if u realize he is self employed then it all makes sense as he doesnt need to contribute to OA at all . so naturally will have more cash on hand.

 

[BBCWatcher]

I’ve explained exactly what my spouse and I do/did previously, but here’s the summary. We both piled into CPF MA and SA quickly upon becoming CPF members since we didn’t have the head start most of you had. That means/meant:

* Full OA to SA transfers every month;
* MA top-ups with whatever room was left to the CPF Annual Limit, up to the Basic Healthcare Sum;
* $7,000 SA top-ups every year.

With that particular recipe you max out bonus interest pretty quickly then sail past the 6 figure mark not much longer after that. That’s because you’re pushing in $47,740 each calendar year (the $37,740 CPF Annual Limit which ends up all in MA and SA, and another $7,000 in SA), including the partial year you first become a CPF member. Add the 4% and some bonus interest to that flow, and only modest MA withdrawals for hospitalization insurance, and the total balances rocket up pretty quickly. And there’s tax relief, too. I think my spouse aimed a little under the $47,740 figure since the tax relief worked a little better that way, but it wasn’t a much smaller rocket.

This approach is viable and best for us, in our particular circumstances.

 

[Bombermankid]

I’ve explained exactly what my spouse and I do/did previously, but here’s the summary. We both piled into CPF MA and SA quickly upon becoming CPF members since we didn’t have the head start most of you had. That means/meant:

* Full OA to SA transfers every month;
* MA top-ups with whatever room was left to the CPF Annual Limit, up to the Basic Healthcare Sum;
* $7,000 SA top-ups every year.

With that particular recipe you max out bonus interest pretty quickly then sail past the 6 figure mark not much longer after that. That’s because you’re pushing in $47,740 each calendar year (the $37,740 CPF Annual Limit which ends up all in MA and SA, and another $7,000 in SA), including the partial year you first become a CPF member. Add the 4% and some bonus interest to that flow, and only modest MA withdrawals for hospitalization insurance, and the total balances rocket up pretty quickly. And there’s tax relief, too. I think my spouse aimed a little under the $47,740 figure since the tax relief worked a little better that way, but it wasn’t a much smaller rocket.

This approach is viable and best for us, in our particular circumstances.

Oh gosh, really. No one cares about your lengthy so-called CPF tips here. There are other threads for that already. Unless you are also going to post your CPF account values.

 

[henrylbh]

Oh gosh, really. No one cares about your lengthy so-called CPF tips here. There are other threads for that already. Unless you are also going to post your CPF account values.

He failed in comprehension. TS already mentioned NPNT

But TS wants to edmw here

 

[JuniorLion]

He failed in comprehension. TS already mentioned NPNT

But TS wants to edmw here

Hmm how's that EDMW? Since there's some guy who wants to talk about investment returns and posted his own pictures and that's acceptable, surely it's acceptable to show CPF Account values too.

 

[henrylbh]

Posting pic of CPF to prove what? TCSS only.

You should start off by showing yours, whatever the amount.

so we know how much one has in their CPF accounts at a certain age?

What can you gather from the pic? If want, look into CPF annual report for the statistics.

 

[henrylbh]

For TCSS.

After topping up in Jan, requested for higher monthly payout and was given $2,204

 

[OngHuatHuat]

Have you compared your stock market return vs cpf return using 10 years time frame?

For TCSS.

After topping up in Jan, requested for higher monthly payout and was given $2,204

 

[BBCWatcher]

He failed in comprehension. TS already mentioned NPNT

No such failure, but I’m only willing to characterize inflow, not demographics.

It’s a polite way of pointing out this thread is pretty silly. You can’t really control demographics, such as the duration of CPF membership to date. And CPF has strict contribution limits. All you can do (if you’re able to do it) is to choose an inflow rate within CPF’s limits (plus OA to SA transfers), then simple math takes over.

So I’ve said what the inflow rates are in our household, and they’re rather high, oriented for the tax relief.

One “amusing” part of Singapore tax relief is that the U.S. claws much of it back.

 

[henrylbh]

I better say no more lest I fail comprehension.

 

[Bombermankid]

I better say no more lest I fail comprehension.

I think I also fail comprehension... really don't know what he is babbling about.

Even though it may be a TCSS and silly thread, there is still a time and place for everything.

 

[Trader11]

if u realize he is self employed then it all makes sense as he doesnt need to contribute to OA at all . so naturally will have more cash on hand.

Nope. I transfer all my OA to SA as well.... Property is the worse investment in Singapore.

 

[Trader11]

you so confident you can always use cash for property? Then ok, that makes sense.

I still keep alot in OA for a rainy day to pay property, can also use to buy stocks during crisis. SA cannot buy stocks. Moreover, up to a certain limit, you cannot put money in SA anymore. I top up 7k to SA every year for tax benefits.

You want to be property owner.... Not property debt owners.....

 

[havetheveryfun]

Nope. I transfer all my OA to SA as well.... Property is the worse investment in Singapore.

is worse investment but u still need a place to stay what