If I have more than $60000 combined in CPF?

The first 60000 I will earn additional 1% every year if my account grows?
1% = $600 extra a year

Discussion (1)

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Elijah Lee

05 Jul 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

I'm assuming you are below 55. If that is so, the first $40K in your SA earns an extra 1% which is credited back to your SA, and the first $20K in your OA earns an extra 1% which is credited to your SA as well. So it will be an extra $600/yr.

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How do I help my mum to earn higher interest in CPF SA, while she's having less than $20,000 in her RA/Medisave combined in CPF?

My GF and I want to get married soon. Our combined salary is $3,800 after CPF. I'm worried that we cannot afford the wedding or the BTO, as her parents take 1k from her monthly. What should I do?

Will paying for my BTO affect my RSTU via CPF transfer which is only allowed if OA & SA combined balance meets the BRS at $88k?

CPF is ultra confusing and I have a hard time understanding it. My mum has only 25k in her OA and SA combined. MA has ard 22k. She is turning 55 next year. Does she qualify for FRS/CPF Life?

How much money should a couple have before starting a family? Our combined monthly income is $6k (before CPF cries) as of now, so we are quite worried about our future finances. Any advice?