CPF SA

[addict951]

KnyghtRyder, then you got kids no need pay tax is it?
Those wif SA filled to the brim one, either you
1) got kids no need pay tax;
2) near retirement;
3) what?

My point is the $7K top-up-to-SA tax relief. Anybody dun believe in putting money into CPF for tax relief and you’d rather pay (hefty) tax anyway? Meaning you also dun throw SRS one?

 

[KnyghtRyder]

KnyghtRyder, then you got kids no need pay tax is it?
Those wif SA filled to the brim one, either you
1) got kids no need pay tax;
2) near retirement;
3) what?

My point is the $7K top-up-to-SA tax relief. Anybody dun believe in putting money into CPF for tax relief and you’d rather pay (hefty) tax anyway? Meaning you also dun throw SRS one?

I fall under category 1.

 

[edmund77]

TS, you are posting in wrong forum. Money mind has the info and answers to what you are asking. Pls ask mod to move your post over.

Sent from Samsung SM-G955F using GAGT

 

[addict951]

TS, you are posting in wrong forum. Money mind has the info and answers to what you are asking. Pls ask mod to move your post over.

Sent from Samsung SM-G955F using GAGT

This discussion done until death liao
Every year we discuss the same thing and provide the same info over and over and over and over and over ...again.

 

[Shutterbox]

TS, you are posting in wrong forum. Money mind has the info and answers to what you are asking. Pls ask mod to move your post over.

Sent from Samsung SM-G955F using GAGT

Its a different jungle there.
I think this thread is good here

 

[fapperoo]

Until 55 years old. Then it comes out.

Up to your min sum only

 

[BrOwnTeddy]

The upper limit for contribution is $166K. If interest generated from the SA's $166K, it will continue to stay in the SA.

And when your SA hits limit, whatever your contribution + employer contribution will be separated into OA and MA.

Once MA AND SA hit contribution limit, then the employee-employer contribution goes straight into OA only.

 

[blacklotus]

in a brag thread.

 

[SkyNinja]

SBC, can say mine also very gd lei?

Jin satki....

 

[neo_aw]

The upper limit for contribution is $166K. If interest generated from the SA's $166K, it will continue to stay in the SA.

And when your SA hits limit, whatever your contribution + employer contribution will be separated into OA and MA.

Once MA AND SA hit contribution limit, then the employee-employer contribution goes straight into OA only.

what i heard is different leh

even if SA has max out

u continue contribute n received interest for each respective account.

correct me if i am wrong

 

[kimsix]

SBC, can say mine also very gd lei?

no hdb yet? you high flyer scholar?
really sad see such high ses accounts.

 

[KnyghtRyder]

Up to your min sum only

The rest of it will start to come out from 65 onwards.. or at most deferred to 70.

 

[KnyghtRyder]

The upper limit for contribution is $166K. If interest generated from the SA's $166K, it will continue to stay in the SA.

And when your SA hits limit, whatever your contribution + employer contribution will be separated into OA and MA.

Once MA AND SA hit contribution limit, then the employee-employer contribution goes straight into OA only.

Your information is completely wrong..

 

[KnyghtRyder]

Can see cannot touch

On a side note, the SA compounding is really powderful. Interests can really cover the annual inflation alone, if you top up early.

Posted from PCWX using ONEPLUS A6000

Friend.. you might want to hide your IC number.

 

[Jordan]

Friend.. you might want to hide your IC number.

Deleted. Haha. Better not sexposed myself

Posted from PCWX using ONEPLUS A6000

 

[jeffong]

Was wondering where this 166k number come from since FRS is now at 181k.

 

[zeebjii]

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

That's what i did, but could have done it earlier!

Thanks to the contributors to this thread. I didn't know there is a cap.

I just only transferred 2.7 k to reach the cap of 181k.

My main motivation for doing this is i don't want to NEED to have a job for survival when i'm in my 60s and 70s.

If only i read about this earlier in my life...

History's most famous scientist is said to have once described compound interest as “the eighth wonder of the world”. “He who understands it, earns it; he who doesn't, pays it,” Albert Einstein reportedly said

 

[DigDub]

Ordinary Account (OA)$195,282.30
Special Account (SA)$181,867.67
Medisave Account (MA)$59,758.20

Copy and paste.

 

[addict951]

Ordinary Account (OA)$195,282.30
Special Account (SA)$181,867.67
Medisave Account (MA)$59,758.20

Copy and paste.

Wan, yours also jin gd lei, considering the fact your yew tee flat half paid liao?

 

[neo_aw]

That's what i did, but could have done it earlier!

Thanks to the contributors to this thread. I didn't know there is a cap.

I just only transferred 2.7 k to reach the cap of 181k.

My main motivation for doing this is i don't want to NEED to have a job for survival when i'm in my 60s and 70s.

If only i read about this earlier in my life...

History's most famous scientist is said to have once described compound interest as “the eighth wonder of the world”. “He who understands it, earns it; he who doesn't, pays it,” Albert Einstein reportedly said

i senior asked me to do that 10yrs ago

at that time i didnt agreed with him

now hit 40yrs liao

i believe this method work.

hope CPF dun follow this thread n lower their interest