facebookHello all, should I do a RTSU to Full Retirement Sum or let it accumulate to FRS over next 2 to 3 years with each year only topping up 8k to earn tax relief at 11.5% tax bracket? Thank you. - Seedly

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Anonymous

Edited 27 Aug 2022

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CPF

Hello all, should I do a RTSU to Full Retirement Sum or let it accumulate to FRS over next 2 to 3 years with each year only topping up 8k to earn tax relief at 11.5% tax bracket? Thank you.

Discussion (4)

What are your thoughts?

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If you do not need the liquidity, better to top up MA and then SA to FRS w $8K yearly. The earlier / younger reach FRS better... it's a safety net in my opinion.

Yes as $8000 RTSU would provide you with:

1) $920 saving on tax

2) $320 interest earned yearly

Top up to enjoy relief....

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