CPF top up for SA

[fandango]

Faster max top up,

 

[drkcynic]

I don't really understand why people throw good money into CPF for such small amount of tax relief when it is so much worth it to invest them. Even topping up SRS account makes more sense than CPF.

It's only 8k, why so uptight?

Tax rebate + 4% interest to be compounded yearly, it's actually not that bad.

 

[buttbERry]

can top up jiu top up

 

[rob1977]

your kids
your parents
your wife

if already top up 8k for wife, then can top up 8k for kid to max up $16k ?

 

[m0n0n0ke]

if already top up 8k for wife, then can top up 8k for kid to max up $16k ?

if not wrong
parent and wife must not be working tooo then top up works for rebate

 

[TitanSmall]

if already top up 8k for wife, then can top up 8k for kid to max up $16k ?

kids no tax relief. iirc

 

[endlssorrow]

I don't really understand why people throw good money into CPF for such small amount of tax relief when it is so much worth it to invest them. Even topping up SRS account makes more sense than CPF.

$240k drop to $200k can save a lot of tax lei
Like admin $7k lor

 

[WhyPayMore]

How does the tax relief calculated ah
Ish it (top up amount) x (tax rate bracket)? And cap to max 8k

 

[articland05]

I don't really understand why people throw good money into CPF for such small amount of tax relief when it is so much worth it to invest them. Even topping up SRS account makes more sense than CPF.

8k only
sup sup water for 20k edmwers