CPF SA

[KnyghtRyder]

you can still transfer OA to SA fill up $181k now

He can't.. you didn't factor in the amount he used for investment.

 

[KnyghtRyder]

i got a question

if you are above 55, can you put $100,000 into OA and earn 4% per year and withdraw anytime if you are above RA?

No.. of course not..

You can only refund CPF money used for property... To earn 2.5% interest..

 

[Jordan]

If shield the SA money before 55th bday le, What happens when there is insufficient remaining OA+SA sums to meet RA?

Huh? You intend to shield OA away as well ah?
If not enough, then don't shield the SA away loh. If not, I think you need to pledge your property if I am not wrong in lieu of FRS. Bo hua one.

Posted from PCWX using ONEPLUS A6000

 

[Polar Bear King]

He can't.. you didn't factor in the amount he used for investment.

maybe he really can't
but he can use CPF app to try and see
it'll show up if can do that

 

[crimsontactics]

I am not sure if this is true. Do you have any link that show it?

Sent from . using GAGT

 

[KnyghtRyder]

That is not true.

Your top up money can't be withdrawn only if you opt for BRS.

And even so, you can still withdraw $5k.

Sent from . using GAGT

As far as I know the rule is

If you top up say 40k under the rstu scheme. When you hit 55 and you opt for BRS then you can withdraw any amount above BRS in your combined OA/SA.

If you top up say 40k under the rstu scheme and you opt for FRS then you can withdraw any amount above the FRS

If you top up 100k under the rstu scheme and you opt for BRS, then you can withdraw any amount above 100k in your combined CPF OA/SA. But nobody will do this because it makes no sense..

If you top up 100k and you opt for FRS then you can withdraw any amount above FRS..

 

[crimsontactics]

As far as I know the rule is

If you top up say 40k under the rstu scheme. When you hit 55 and you opt for BRS then you can withdraw any amount above BRS in your combined OA/SA.

If you top up say 40k under the rstu scheme and you opt for FRS then you can withdraw any amount above the FRS

If you top up 100k under the rstu scheme and you opt for BRS, then you can withdraw any amount above 100k in your combined CPF OA/SA. But nobody will do this because it makes no sense..

If you top up 100k and you opt for FRS then you can withdraw any amount above FRS..

For BRS not so simple.

Your non top-up money is used first to meet your BRS followed by top-up money.

And your top-up money cannot be withdrawn except for the first $5k.

For example, this year BRS is $90.5k. Your OA/SA have $100k, but $50k is by top-up. Your non top-up $50k is used first to meet BRS followed by your top-up $50k.

So end up you can only withdraw $5k instead of $9.5k.

Sent from . using GAGT

 

[77james]

As far as I know the rule is

If you top up say 40k under the rstu scheme. When you hit 55 and you opt for BRS then you can withdraw any amount above BRS in your combined OA/SA.

If you top up say 40k under the rstu scheme and you opt for FRS then you can withdraw any amount above the FRS

If you top up 100k under the rstu scheme and you opt for BRS, then you can withdraw any amount above 100k in your combined CPF OA/SA. But nobody will do this because it makes no sense..

If you top up 100k and you opt for FRS then you can withdraw any amount above FRS..

If BRS plus property, remaining excess want to withdraw must deduct topup. This one I also just know. Stated in CPF website. U will see it only in 65 for topup. It freeze inside.

E.g. brs is now 90.5k if yr RA at 55 is 141.k with TOP up of 50k. U can never take out yr 50k at 55 to buy another house or car etc

 

[77james]

Will people top up SA account to FRS with extra cash to take advantage of 4percent interest

But cons is no income tax relief since only 7k max.

Worth to dump all money in and think 55 then can see again?

 

[crimsontactics]

Will people top up SA account to FRS with extra cash to take advantage of 4percent interest

But cons is no income tax relief since only 7k max.

Worth to dump all money in and think 55 then can see again?

Really depends on you.

If you are good investor, then you shouldn't pump CPF.

If you are a lousy and/or lazy investor like me, then you should.

Sent from . using GAGT

 

[77james]

Really depends on you.

If you are good investor, then you shouldn't pump CPF.

If you are a lousy and/or lazy investor like me, then you should.

Sent from . using GAGT

I am lousy and lazy non investors. So should pump

 

[KnyghtRyder]

For BRS not so simple.

Your non top-up money is used first to meet your BRS followed by top-up money.

And your top-up money cannot be withdrawn except for the first $5k.

For example, this year BRS is $90.5k. Your OA/SA have $100k, but $50k is by top-up. Your non top-up $50k is used first to meet BRS followed by your top-up $50k.

So end up you can only withdraw $5k instead of $9.5k.

Sent from . using GAGT

Really.. I saw a graphic that looked different..

So are you saying that if I have 200k in 0A/SA out of which 50k is top up I will set aside the full BRS out of my OA/SA and a further 50k from the top up and only withdraw sums above that?

 

[mcylo]

Not true lah. I am not even 50, SA already > 200k.

If you sa max is $166k, mean you way pass 55, and likely that amount already become RA. And RA interest remain in RA

 

[Jordan]

Not true lah. I am not even 50, SA already > 200k.

Yup me too. Currently 46 years old, SA about 220k. Should have started younger when contributing to SA. Take it as advice from someone who started late in this.

Posted from PCWX using ONEPLUS A6000

 

[77james]

Really.. I saw a graphic that looked different..

So are you saying that if I have 200k in 0A/SA out of which 50k is top up I will set aside the full BRS out of my OA/SA and a further 50k from the top up and only withdraw sums above that?

If I am not wrong. If u use BRS even u have FRS amount.

It will be 200k- 50k top up - 90.5k brs= remaining amount can withdraw at 55 if needed.

Which is 49.5k


If u use FRS then is 200k-181k can withdraw 19k at 55 if not wrong

But FRS ur cpf annunity pay out will be higher at 65 1300k + per month

Brs is 800 I think around there

 

[lordofthering]

Yup me too. Currently 46 years old, SA about 220k. Should have started younger when contributing to SA. Take it as advice from someone who started late in this.

Posted from PCWX using ONEPLUS A6000

in my 30+. tomorrow going to fill up my SA to 180k

my parents think i really stupid. say gov change goal post this and that. But i believe i right

 

[The_Davis]

300 sqft. The bedroom can put queen size bed Frame?

Should be able. King also can.
Think living area sacrifice + no kitchen?
Toilet also small + no balcony

 

[crimsontactics]

Really.. I saw a graphic that looked different..

So are you saying that if I have 200k in 0A/SA out of which 50k is top up I will set aside the full BRS out of my OA/SA and a further 50k from the top up and only withdraw sums above that?

Let's use your example.

BRS is $90.5k

You have $200k, of which $50k is top-up and $150k is not.

So $90.5k is used from your $150k to meet BRS. Only left $59.5k to withdraw.

Your $50k top-up money only $19k can be withdrawn as it exceeds FRS.

So instead of withdrawing $109.5k, you can only withdraw $59.5k plus $19k, which is the amount of that exceeds FRS, for a total of $78.5k

Sent from . using GAGT

 

[mcylo]

The earlier u transfer the better.

The advantages are

1. Power of compounding
2. The interest earned is enuff to cover any yearly increased in FRS.

My CPF stands at
OA - $88k, could be higher if not for investment to Stock market during this covid19 pandemice.
SA - $215k
MA - $60k

Housing loan fully paid. Looking forward to cashing out my CPF come 55, if I still haven't uplorry. Lolzzzzx.

 

[SGRevolution]

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

god bless