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Anonymous

07 Jun 2020

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I am relocating for work soon. Should I continue to contribute to CPF?

I will be relocating to Vietnam for work. There is the CPF-equivalent pension fund there which as expat i will need to contribute. I'm thinking if i should do a voluntary contribution in CPF while i'm there? Bearing in mind that doing so won't gain me any tax benefit. I intend to get a singles scheme flat next year.

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Wrong Sean

07 Jun 2020

Not sure how long you will be in Vietnam. Well if you intend to retire in Singapore in future, it would be good to build up your retirement savings even if there are no tax benefits. Consider topping up to your SA for the 4%? You can reserve your OA to pay for your flat.

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'Voluntary CPF contributions does not count towards the 3 CPF Retirement Sum'. So this just means that we have to continue working and rely on the monthly mandatory CPF contributions from our jobs?

Suppose that a person already reached the FRS in CPF SA account and will continue to work for next 20 yrs, what are other ways to grow the SA account other than employment contributions?

I will be 39 this year. Have reached FRS in SA and foresee that I should be able to hit ERS when I retire so long as I continue to work and contribute to CPF.

What happens when I’ve contributed more than the annual limit of $37,740? Will my employer continue to make CPF contributions, or there’s no further CPF contributions from me and my employer?

I am already 55, and have done my CPF ERS. Since I am still working and have contributions to my CPF SA and OA, may I know can I still transfer my CPF from OA to SA to earn higher interest rate?

Related Posts

'Voluntary CPF contributions does not count towards the 3 CPF Retirement Sum'. So this just means that we have to continue working and rely on the monthly mandatory CPF contributions from our jobs?

Suppose that a person already reached the FRS in CPF SA account and will continue to work for next 20 yrs, what are other ways to grow the SA account other than employment contributions?

I will be 39 this year. Have reached FRS in SA and foresee that I should be able to hit ERS when I retire so long as I continue to work and contribute to CPF.

What happens when I’ve contributed more than the annual limit of $37,740? Will my employer continue to make CPF contributions, or there’s no further CPF contributions from me and my employer?

I am already 55, and have done my CPF ERS. Since I am still working and have contributions to my CPF SA and OA, may I know can I still transfer my CPF from OA to SA to earn higher interest rate?

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