03 Feb 2020
Is there a cap amount that your CPF account can have?
You can't RSTU anymore as you have reached the FRS for the year in your SA. Also your MA should only have 60k not 65k.
VC is max contribution of 37740 - Mandatory Contribution. If you make 6k/mth and earn 12 months + 5 months bonus, you'd already hit the max you can contribute. Can't top up more.
You also can't do a OA to SA transfer anymore since SA is at FRS as well.
You should start looking elsewhere either in the form of your own investments, or annuities to add on to CPF Life, or even SRS account if the tax relief makes sense for you.
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Since you have already hit FRS, you should consider investing your CPF OA since you have a long inve...
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