CPF Special Acc

[path_of_rainbow]

Keep in CPF to earn 4% interest ?

 

[kenpachi82]

If you are confident you can beat 4-5% compounded every year RISK-FREE for a few decades, go ahead and invest your $ from the SA.
I will leave mine untouched

 

[wahkao3]

even though i know how to invest, i keep cpf there for 2 reasons
1) lazy to take out
2) in case my main investment fails, cpf becomes my fail safe

 

[Millimeter]

If you are confident you can beat 4-5% compounded every year RISK-FREE for a few decades, go ahead and invest your $ from the SA.
I will leave mine untouched

Pretty much this heh

 

[henrylbh]

Keep in CPF to earn 4% interest ?

I keep 60k in my father's RA and get 5%. The payout is over 5 years

I am thinking of moving more to his account even though amount above first 60k will earn only 4% which isn't guaranteed.

 

[highsulphur]

I kept max in my SA...

 

[henrylbh]

I kept max in my SA...

Good for you. Annual interest on SA alone is no less than $6,600.

Increasing the min sum every year will not affect you much.

 

[highsulphur]

Good for you. Annual interest on SA alone is no less than $6,600.

Increasing the min sum every year will not affect you much.

Yes but when I did it, I assume I will be under the minimum sum scheme. The cpf life threw me off somewhat

 

[lushiris]

gonna top up my SA.. hope the decision is right

 

[havetheveryfun]

Good for you. Annual interest on SA alone is no less than $6,600.

Increasing the min sum every year will not affect you much.

how to get 6600$ ? isn't 5% of 60k only 3000$?

 

[dork32]

how to get 6600$ ? isn't 5% of 60k only 3000$?

sa limit is 155k

 

[highsulphur]

sa limit is 155k

Can top up until 155 but monthly contribution will still increase the SA after that. So technically your SA bal can be above the minimum sum...

 

[henrylbh]

Can top up until 155 but monthly contribution will still increase the SA after that. So technically your SA bal can be above the minimum sum...

Yes SA can be way above (and I mean very high) min sum for some people. That's the unfair part or loop hole of CPF contributions that many do not know.

 

[highsulphur]

Yes SA can be way above (and I mean very high) min sum for some people. That's the unfair part or loop hole of CPF contributions that many do not know.

Yeah but you have to take the jump early to take advantage of the compounding

 

[henrylbh]

Yeah but you have to take the jump early to take advantage of the compounding

That only helps a little but cant build up to the kind of amount I am talking about.

 

[sweetyethandsome]

gonna top up my SA.. hope the decision is right

bad thing abt SA.. put money in cannot take money out.
there are many instruments that can pay above 4% per year on a long term basic.

suggest u dont... keep in those instruments instead.
read more on those threads by Shiny Thing or about Shiny.

 

[peacefulday]

bad thing abt SA.. put money in cannot take money out.
there are many instruments that can pay above 4% per year on a long term basic.

suggest u dont... keep in those instruments instead.
read more on those threads by Shiny Thing or about Shiny.

u don't put money in SA, u transferred QA to SA.
if u have no commitment on it, let the SA do the boosting. You may surprise on the arrival of further harvest.