Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
The amout of money that can be contributed to your CPF is limited by the CPF annual limit of $37740/yr.
If your CPF SA has not hit the FRS, you can also directly contribute cash to your SA up to the current FRS via Retirement Sum Topping Up Scheme. This amount is separate from the Annual Limit. Thus you could potentially contribute $37740 from work, and deposit another $100K in cash directly to SA if you so desire.
Hi anon,
The amout of money that can be contributed to your CPF is limited by the CPF annual limit of $37740/yr.
If your CPF SA has not hit the FRS, you can also directly contribute cash to your SA up to the current FRS via Retirement Sum Topping Up Scheme. This amount is separate from the Annual Limit. Thus you could potentially contribute $37740 from work, and deposit another $100K in cash directly to SA if you so desire.