CPF chats

[Utonian]

Question: once SA hits the FRS, no longer able to transfer OA to SA and also not able to Cash top up SA?

 

[Kaypohji]

Nope you can’t

Question: once SA hits the FRS, no longer able to transfer OA to SA and also not able to Cash top up SA?

 

[peppermint7]

Peppermint7, I think I have done all I can to help u steer it back to CPF, sorry on my part straying it into insurance.

I will stop from here on both topics.

If u would like to change the title, just pm the moderator/admin.

Thanks maple! I learnt a lot from your sharing. Do stay and continue to chat and share whenever u have the time to do so ya

 

[cal3135]

That’s right unable xsfer once SA reached FRS.
Yes, able to cash top up 3AC; cap 37740 per year...

Question: once SA hits the FRS, no longer able to transfer OA to SA and also not able to Cash top up SA?

xs HardwareZone Forums app

 

[elf108]

37740 does not include employer contribution ?

 

[Utonian]

37740 does not include employer contribution ?

Think its inclusive

Original wage ceiling 6k (20% employee +17% employer = $2220)
Cap 37740/2220 = 17 mth

 

[SBC]

37740 does not include employer contribution ?

Both side, plus bonus.

 

[elf108]

Mine exceeded last year if both inclusive.
And also did SA 7k.
Cpf never refund me cash.

https://ibb.co/x8N6z2F

 

[Utonian]

There are 2 parts i think.
Found this:
https://www.areyouready.gov.sg/Your...its-that-every-Singaporean-needs-to-know.aspx

the 37740 seem like the cap for normal contribution plus VC.

There is another part called additional wage thats for:
Bonuses
Cash incentives
Transport and meal allowances
Commissions

Also, you only has 1 job paying CPF right? limit is doubled if got 2 job paying cpf

 

[elf108]

I read the link and magic number is still 37740. Cpf really complicated.

 

[terence2112]

Mine exceeded last year if both inclusive.
And also did SA 7k.
Cpf never refund me cash.

https://ibb.co/x8N6z2F

The refund will be effected. Your company would have already been notified.
You have fat bonus/commission?

 

[elf108]

The refund will be effected. Your company would have already been notified.
You have fat bonus/commission?

Refund typically done early in the year.
Till now no news if be refunded, I take it as cpf makan liao.
Bonus last year good that's why.

 

[crimsontactics]

There are 2 parts i think.
Found this:
https://www.areyouready.gov.sg/Your...its-that-every-Singaporean-needs-to-know.aspx

the 37740 seem like the cap for normal contribution plus VC.

There is another part called additional wage thats for:
Bonuses
Cash incentives
Transport and meal allowances
Commissions

Also, you only has 1 job paying CPF right? limit is doubled if got 2 job paying cpf

Limit still the same.

But if your 2nd job contribution exceed limit, I don't think they will refund you.

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[crimsontactics]

Refund typically done early in the year.
Till now no news if be refunded, I take it as cpf makan liao.
Bonus last year good that's why.

Will refund one.

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[crimsontactics]

Refund typically done early in the year.
Till now no news if be refunded, I take it as cpf makan liao.
Bonus last year good that's why.

Go apply for refund

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[elf108]

Go apply for refund

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Wow this is something new !
Thanks for the link. Refund wo interest lugi liao haha.

 

[peppermint7]

Go apply for refund

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Didn't know about this.. what will happen if a person is unaware and didn't go file for refund?

 

[crimsontactics]

Didn't know about this.. what will happen if a person is unaware and didn't go file for refund?

I think amount will enter account or be refunded at start of the year?

I dunno specifics.

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[Kaypohji]

Second job exceed limit don’t refund meaning they allow it to go into cpf ?

Limit still the same.

But if your 2nd job contribution exceed limit, I don't think they will refund you.

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[crimsontactics]

Second job exceed limit don’t refund meaning they allow it to go into cpf ?

Yeah.

It will go into your account.

CPF won't cheat your refund de.

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