I am thinking of quitting my job. My monthly house mortgage is $265 which is deducted from OA. How much should i voluntary top up my cpf so that i can meet the monthly mortgage amount?

Hi anon,

Due to the fact that you cannot top up solely OA alone, you will need to calculate the top up amount based on https://www.cpf.gov.sg/Assets/employers/Documen...

You can calculate the amount of CPF top up you need, based on your age band.

For example, if you are below age 35, then 0.6217 (62.17%) of what you top up to your CPF will be direct to OA. Thus, $265/0.6217 or $426.25 of top up is required.

Have you considered just paying in cash? Based on the example above, a third of your top up amount will end up in MA and SA, which reduces your liqudity. Considering that you are thinking of quitting your job, you might need to hold more cash instead while looking for another job.