CPF SA

[Hierophant]

Jin satki mens

 

[Nesplex]

sa max interest still stay in sa. The earlier you max the better, the interest take care of the minimum sum increase yearly

Do you own a house? Can share roughly how old are you? I am still far from FRS..sad

 

[fatangel]

There is no max cap for OA and SA.

The cap is applicable only if u try top up. But if salary or voluntary contribute, only the annual limit applies.

Ya I was wondering why some of them relate RA FRS $181,000 as SA cap..

 

[weng0202]

Ya I was wondering why some of them relate RA FRS $181,000 as SA cap..

Technically there is no cap, just that once reach FRS and MA is full, the excess cpf input will go to OA. SA will still have money going in from salary.

The cap is only for topups.

 

[KnyghtRyder]

That's a nice healthy balance.. mine the OA not so much because still paying for house.

 

[SBC]

sa max interest still stay in sa. The earlier you max the better, the interest take care of the minimum sum increase yearly

Well done. Are you between 40 & 45?

 

[jeffong]

There is no max cap for OA and SA.

The cap is applicable only if u try top up. But if salary or voluntary contribute, only the annual limit applies.

Technically the cap for voluntary cash top-up is based on the difference between your SA and FRS (Below 55) and RA and ERS (55 and above) levels. There is also a cap on how much tax relief you can get on those cash top-ups. If you below 55, you can get relief for up to 7k if your SA is below the FRS. If you above 55, you can get relief for up to 7k if your RA is below the ERS.

 

[SBC]

That's a nice healthy balance.. mine the OA not so much because still paying for house.

Well done too.

Are you between 45 & 50?

 

[neo_aw]

how much can we tt from OA to SA yearly?

 

[addict951]

how much can we tt from OA to SA yearly?

Up till SA top-up limit.

SBC, see see yours leh

 

[lifeafter41]

Thanks. I saw some threads where they said to top up MA first. Why?

For tax relief.

 

[KnyghtRyder]

Well done too.

Are you between 45 & 50?

Not yet 45.. hoping that when I do hit 55 at least can take out a decent amount of money

 

[eAtNeAt]

How is yearly increase of $8k arrived at?? Papies got explain? Inflation is near zero for decades. Pappies even got to tax oil artificially to hike inflation.

 

[SBC]

Not yet 45.. hoping that when I do hit 55 at least can take out a decent amount of money

Wah! You are v good lei.

Your coy bonus must be very good.

 

[Shutterbox]

Not yet 45.. hoping that when I do hit 55 at least can take out a decent amount of money

U do voluntary contributions to SA n MA?

 

[KnyghtRyder]

How is yearly increase of $8k arrived at?? Papies got explain? Inflation is near zero for decades. Pappies even got to tax oil artificially to hike inflation.

FRS is pegged to SGD 120,000 in 2003 dollars.. adjusted for inflation..

 

[Sai Baba]

That's a nice healthy balance.. mine the OA not so much because still paying for house.

This is good.
Can you share how you do it?

 

[fapperoo]

What happens in SA stays in SA

 

[Sai Baba]

sa max interest still stay in sa. The earlier you max the better, the interest take care of the minimum sum increase yearly

This is very good.
Can you share how you do it?

 

[wutawa]

Now i understand why some ppl very happy when they see their cpf account.