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Anonymous

03 Feb 2020

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Age 35. OA: 50K, SA: 200K, MA: 65. Can i still do RSTU to get tax relief of $7k? Can i still do VC (there is no cap for VC right?) If i do VC, will whatever amount i top earn earn interest?

Is there a cap amount that your CPF account can have?

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Kiki

05 May 2024

You can consider do vcma during Jan as there will be a difference between last year bhs and this year bhs

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Ng’s Family

18 Aug 2021

Correct me if I am wrong, actually you can use your SA to invest in low risk investments fund. By lowering your SA below the FRS, you can continue to top-up your SA every year till you reach 55.

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Shengshi Chiam, CFA

03 Feb 2020

Personal Finance Lead at Endowus

Since you have already hit FRS, you should consider investing your CPF OA since you have a long inve...

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If I have topped up 7k for RSTU early this Jan and then after I do a transfer from OA to SA to reach FRS, will there still be a tax relief of 7k next year, 2022?

For CPF, after age 55, can top-up any amount in SA account to earn the 4% interest rate, eg $50k? And afterwhich can withdraw any amount anytime? Or have to top-up just below age 55?

Whats your thoughts on transferring from OA to SA to let SA compound vs don't transfer but top up 7k to SA per year to enjoy tax relief 7% till FRS. Which option has more value?

If my SA account has reached FRS balance (181k for this year). For tax relief next year, should I top up cash $7K to SA or OA by Dec 2020 or Jan 2021?

Income year assessment is from 1 Jan 2019 to 31 Dec 2019 right? Means i must faster top up $7k to my SA if i want the tax relief for financial year 2019 is it?

Related Posts

If I have topped up 7k for RSTU early this Jan and then after I do a transfer from OA to SA to reach FRS, will there still be a tax relief of 7k next year, 2022?

For CPF, after age 55, can top-up any amount in SA account to earn the 4% interest rate, eg $50k? And afterwhich can withdraw any amount anytime? Or have to top-up just below age 55?

Whats your thoughts on transferring from OA to SA to let SA compound vs don't transfer but top up 7k to SA per year to enjoy tax relief 7% till FRS. Which option has more value?

If my SA account has reached FRS balance (181k for this year). For tax relief next year, should I top up cash $7K to SA or OA by Dec 2020 or Jan 2021?

Income year assessment is from 1 Jan 2019 to 31 Dec 2019 right? Means i must faster top up $7k to my SA if i want the tax relief for financial year 2019 is it?

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