CPF Easy Info Thread. :)

[crimsontactics]

It doesn't matter as long as you are confident of hitting BHS naturally. You are in essence growing your SA without the post-55 restrictions of RSTU. Remember that the excess MA contributions go to SA first.

I see what you mean.

 

[mata_hippo]

Yes we can do VC on our own.

It's on the same page as RSTU.

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im looking at here https://www.cpf.gov.sg/Members/Schemes/schemes/retirement/retirement-sum-topping-up-scheme

cant find any VC forms or explanation

 

[apatheticme]

im looking at here https://www.cpf.gov.sg/Members/Schemes/schemes/retirement/retirement-sum-topping-up-scheme

cant find any VC forms or explanation

Log in to your CPF account

 

[crimsontactics]

im looking at here https://www.cpf.gov.sg/Members/Schemes/schemes/retirement/retirement-sum-topping-up-scheme

cant find any VC forms or explanation

You can log in to your CPF account and do VC.

Same page as rstu

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[mata_hippo]

Oh need to login then can see... thought it's on the rstu public page

Anyway so far I gathered/understood that there are:
1. Oa to sa
2. Cash top up to sa

Then got the cash top up to MA?

I was reading this thread then see u guys mentioning top up to ma instead of wad split into 3 accounts... still havent get this part

 

[crimsontactics]

Oh need to login then can see... thought it's on the rstu public page

Anyway so far I gathered/understood that there are:
1. Oa to sa
2. Cash top up to sa

Then got the cash top up to MA?

I was reading this thread then see u guys mentioning top up to ma instead of wad split into 3 accounts... still havent get this part

To put it simply, money from MA flowing into SA can be more easily withdrawn.

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[mata_hippo]

I can choose to just top up MA or just top up and let them split into the 3 accounts?

I read smth like that in the thread

 

[crimsontactics]

I can choose to just top up MA or just top up and let them split into the 3 accounts?

I read smth like that in the thread

Yes.

Top up MA got tax relief.

The other option don't.

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[elnewbie]

When you have a wife and kid...your MA will come in very handy. Also not all companies will have dependent medical benefits. In fact most of my friends companies don't pay for maternity expenses, which MA will pay for.

I see what you mean.

 

[bladez87]

It is a pity that Jan pump in cash will not be accounted for in the calculation of the lowest amount on the monthly basis.

But I am somewhat puzzled. How do they determine your Feb Mar Apr lowest amount to calculate for the interest? Your monthly balance would have included the 37k top up and excess of 6k,9k,12k respectively as at each month from your organic contribution.

So they will take your cpf Jan opening balance +3k - 37k for Feb calculation? The 3k comes from Jan organic contribution to form the lowest amount in a month.

 

[nautilus]

I can choose to just top up MA or just top up and let them split into the 3 accounts?

I read smth like that in the thread

You cannot top up into MA once you hit the MA limit.

 

[bladez87]

Yes.

Top up MA got tax relief.

The other option don't.

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What you are doing is pretty solid. By pumping sa first, you bring it to FRS ASAP which would prohibit further pumping into sa. Then from there you use ma vc or 3acc vc to further grow your sa.

If finances permit, I would prefer to do both 7k and ma vc yearly basis until I hit FRS. But I not sure if I have that much $$$, like 83k extra to boost sa to FRS. BTW the FRS calculation is combined sa with oa account right?

 

[crimsontactics]

When you have a wife and kid...your MA will come in very handy. Also not all companies will have dependent medical benefits. In fact most of my friends companies don't pay for maternity expenses, which MA will pay for.

I see...

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[crimsontactics]

It is a pity that Jan pump in cash will not be accounted for in the calculation of the lowest amount on the monthly basis.

But I am somewhat puzzled. How do they determine your Feb Mar Apr lowest amount to calculate for the interest? Your monthly balance would have included the 37k top up and excess of 6k,9k,12k respectively as at each month from your organic contribution.

So they will take your cpf Jan opening balance +3k - 37k for Feb calculation? The 3k comes from Jan organic contribution to form the lowest amount in a month.

They will just use the figure before any top up or contribution.

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[crimsontactics]

You cannot top up into MA once you hit the MA limit.

MA will overflow into SA or OA in this case.

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[crimsontactics]

What you are doing is pretty solid. By pumping sa first, you bring it to FRS ASAP which would prohibit further pumping into sa. Then from there you use ma vc or 3acc vc to further grow your sa.

If finances permit, I would prefer to do both 7k and ma vc yearly basis until I hit FRS. But I not sure if I have that much $$$, like 83k extra to boost sa to FRS. BTW the FRS calculation is combined sa with oa account right?

Compound interest must start early...

Some more the interest rate isn't really that good for a 30 year investment, so much squeeze out as many profit as possible...

I put money here because I got no guts to play stock market...

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[apatheticme]

It is a pity that Jan pump in cash will not be accounted for in the calculation of the lowest amount on the monthly basis.

But I am somewhat puzzled. How do they determine your Feb Mar Apr lowest amount to calculate for the interest? Your monthly balance would have included the 37k top up and excess of 6k,9k,12k respectively as at each month from your organic contribution.

So they will take your cpf Jan opening balance +3k - 37k for Feb calculation? The 3k comes from Jan organic contribution to form the lowest amount in a month.

They say they compute interest monthly, but I think they simply calculate at the end of the year. If you have any excess VC (end of the year is the only time they know for sure), they can insert a deduction of the excess amount right after the offending top up, then calculate all interests of all months.

 

[mata_hippo]

So do these:

Oa to sa
Cash go sa
Cash to ma

Even if sa full the ma overflows will still flow to sa?

MA will overflow into SA or OA in this case.

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[apatheticme]

So do these:

Oa to sa
Cash go sa
Cash to ma

Even if sa full the ma overflows will still flow to sa?

You can't do VC-MA with a MA that's at BHS, and MA portion of MC will NOT go to SA with a SA >= FRS.

 

[highsulphur]

So do these:

Oa to sa
Cash go sa
Cash to ma

Even if sa full the ma overflows will still flow to sa?

no. ma will then flow to oa