CPF SA

[BrOwnTeddy]

I transferred $90k from my OA to help her hit FRS.

OA can xfer to spouse?

also qualify for tax rebates?

 

[Shutterbox]

Guys, yall think I should move OA and fill SA to the brim?
I want the annual $7K tax relief that’s why I din do so.

U dun need to pay for house?

 

[jericho75]

This is something you have no control so why worry so much. In the meantime should make full use of it. Live life positively lah, don't always look for worse case scenario, like that will be happier.

If cpf compulsory injection of money then I dun say. If use cash pump in I rather keep in banks. Banks need to pay u back else chapter 11 Liao.

 

[Campbellsoup]

Wa all the elite in here.... I'm 32 going 33 this year but nowhere near iceblendedchoco.

I just started past few years to top up my MA.. should hit max next year after my work + own top up. My SA is still so far away @37k.

 

[Kaypohji]

Actually do u all find the yearly increase FRS amount to be non achievable ?

Cause the starting wages and increment etc also not like FRS to confirm increase...

Ten years ago uni grad starting pay 2.7k to 3.5k/4

Ten years later now, it is still the same.

But FRS is 181k now, ten years later FRS will be much more

 

[jericho75]

Actually do u all find the yearly increase FRS amount to be non achievable ?

Cause the starting wages and increment etc also not like FRS to confirm increase...

Ten years ago uni grad starting pay 2.7k to 3.5k/4

Ten years later now, it is still the same.

But FRS is 181k now, ten years later FRS will be much more

When retrechment exercise kick start from q3 onwards will become even not achievable

Now fresh grads do trainee jobs so no cpf contribution

 

[SmartMoney]

You 87 kid but SA so low? How come?

OA more dynamic cos you might be married and bought a house.

He is 33 year old but cpf like 23

 

[Gitaro]

Cpf is a good scheme for most part and with some down sides too. Just make use of the good part and bear with the trade offs.
I sarpot cpf scheme and now enjoying the risk free 2.5-4% returns as passive income. .

 

[Faux Pas]

Once the SA reached FRS will one still be able to transfer money from OA account to SA account?

 

[galaxynote]

no hdb yet? you high flyer scholar?
how old are you?

 

[PrincessX25]

OA:105k
SA:156k
MA:60k

Can I trf 25K fm OA to SA to meet min sum? Does this consider as top up?

Sent from Samsung SM-N950F using GAGT

 

[galaxynote]

so high
....

 

[addict951]

U dun need to pay for house?

Paid till 7 7 8 8 riao

 

[addict951]

OA:105k
SA:156k
MA:60k

Can I trf 25K fm OA to SA to meet min sum? Does this consider as top up?

Sent from Samsung SM-N950F using GAGT

Considered as non tax-deductible top-up

Everything transferred out from OA got no tax benefits one

 

[orwell76]

 

[Sforthought]

He is 33 year old but cpf like 23

If not for NS CPF top up i think even lower.

You 87 kid but SA so low? How come?

OA more dynamic cos you might be married and bought a house.

Very lousy GPA from SIM and 2 failed ventures. Opportunity cost of no work experience. LL and hang onto the failed venture. Dig deeper hole. Now trying again, hopefully 3rd time lucky

 

[yoongf]

Yes. Can transfer up until SA hit FRS.

Transfer no tax relief, as it already enjoy tax relief when enter CPF account.

Is not consider as a top up.

With the CPF app, can do it on the spot.

OA:105k
SA:156k
MA:60k

Can I trf 25K fm OA to SA to meet min sum? Does this consider as top up?

Sent from Samsung SM-N950F using GAGT

 

[yoongf]

No. Capped at FRS.
But can consider tranafer to spouse and parents.

Once the SA reached FRS will one still be able to transfer money from OA account to SA account?

 

[jericho75]

U eat face fish and bee Hoon issit?

 

[Flexamoria]

I see all your cpf i feel rich