CPF SA

[KnyghtRyder]

Wah! You are v good lei.

Your coy bonus must be very good.

Actually the real reason is that when I bought my flat back in 2006 I didn't want to wipe out all my OA when buying the flat.. so I did some OA to SA transfer to protect my OA balance.. then over time the interest plus the normal CPF contribution resulted in the amount you see here..

Company bonus doesn't matter.. because hit the max contribution Liao (pay is over 6k).. so bonus comes to me as cash.. not CPF.

 

[addict951]

KnyghtRyder, you got how many years of housing loan need to service? Monthly deduction from OA no need pay cash?

 

[KnyghtRyder]

U do voluntary contributions to SA n MA?

Long long time ago I shifted some funds from OA to SA...

 

[KnyghtRyder]

What happens in SA stays in SA

Until 55 years old. Then it comes out.

 

[eAtNeAt]

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

Here sg inflation nowhere near the 4-5 % yearly increase in SA

https://www.statista.com/statistics... average inflation,off at around 0.5 percent.

 

[addict951]

SBC, can say mine also very gd lei?

 

[Eddied]

Actually the real reason is that when I bought my flat back in 2006 I didn't want to wipe out all my OA when buying the flat.. so I did some OA to SA transfer to protect my OA balance.. then over time the interest plus the normal CPF contribution resulted in the amount you see here..

Company bonus doesn't matter.. because hit the max contribution Liao (pay is over 6k).. so bonus comes to me as cash.. not CPF.

Bonuses are counted under additional wage ceiling, not the 6k cap

 

[iceblendedchoc]

Iceblendedchoc, you got kids and no need to pay tax one?

3 kids. Ya no need pay tax for this year since the third child came out last year only. The rebate is $20,000.

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

Yes. I am 35.

Well done. Are you between 40 & 45?

5 years away from 40.

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.

Can top up still even if SA max but cannot choose SA only. Can do a voluntary across OA, SA, MA. RA i not sure how it works as yet to hit the age still.

 

[Shutterbox]

https://www.dropbox.com/s/6r3g13olyg6012t/Photo 14-6-20, 4 22 10 PM.jpg?dl=0

Jskm....

 

[Polar Bear King]

how i wish can put all OA into SA

 

[SBC]

SBC, can say mine also very gd lei?

Can I guess if you are between 30 & 35?

 

[KnyghtRyder]

KnyghtRyder, you got how many years of housing loan need to service? Monthly deduction from OA no need pay cash?

I took a very long loan. Paying fully with CPF OA. Little/no cash outlay.

 

[addict951]

SBC, use this
https://imgbb.com
Dun share your Dropbox, can see your real name leh

 

[Polar Bear King]

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

wow 3 kids must be high ziwi scorer

 

[KnyghtRyder]

Here sg inflation nowhere near the 4-5 % yearly increase in SA

https://www.statista.com/statistics... average inflation,off at around 0.5 percent.

Then your write to them and complain lor.. I would rather have more retirement funds.

 

[KnyghtRyder]

Bonuses are counted under additional wage ceiling, not the 6k cap

You are right.. but regardless every year hit the max allowable contribution so the bonus goes to my pocket.

 

[Shutterbox]

Can top up still even if SA max but cannot choose SA only. Can do a voluntary across OA, SA, MA. RA i not sure how it works as yet to hit the age still.

But this top up no tax rebate, if both sa n ma already max out right?

 

[SBC]

3 kids. Ya no need pay tax for this year since the third child came out last year only. The rebate is $20,000.



Yes. I am 35.



5 years away from 40.



Can top up still even if SA max but cannot choose SA only. Can do a voluntary across OA, SA, MA. RA i not sure how it works as yet to hit the age still.

Very well done. For no of kids, I did not lose to you.
I still got many PTR balance. Had not paid income tax for 12 years liao.

You had joined a good coy too.

 

[neo_aw]

Up till SA top-up limit.

SBC, see see yours leh

can max up to 180k n i just tt

 

[hardwaregone]

Hsk will squander away or not.