Anonymous

10 Jan 2021

∙

My mum is 64 this year and with no funds in her CPF OA and RA, should she contribute $600 to her CPF for the matching scheme?

She did not hit the basic retirement sum though.

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Chris

10 Jan 2021

Owner and Writer at Tortoisemoney.com

I think if you have the funds lying around, I don't see a reason not to.

Reply

Save

Write your thoughts

Related Posts

CPF member age 55 (RA @ ERS)(MA @ BHS) Shielding SA may lead to 86.54% (Age 55-59) of contribution allocate to OA, locked-in & behind SA. Are there any useful options to manage the lock-in fund in OA?

During BTO key collection, can I indicate to pay the mortgage using CPF-OA funds but repay my CPF-OA using cash every month / year? Will there still be accrued interest if I repay using cash monthly?

Hi I'm 24F planning to top up CPF, my mum is 58F this year she has 500 in OA, 5k SA and 2k MA. should I top up her CPF?

My mum is 49yo this year and is a kitchen helper earning around 1.8k per month before cpf deduction. OA - 11K, SA - 13K, MA - 12K Currently paying 711 for house with 15 years left (110k). What to do?

Can my dad (who is working) and me who is working, contribute to my mum's CPF RA (she currently has zero income, get 7k of tax relief each?

Related Posts

CPF member age 55 (RA @ ERS)(MA @ BHS) Shielding SA may lead to 86.54% (Age 55-59) of contribution allocate to OA, locked-in & behind SA. Are there any useful options to manage the lock-in fund in OA?

During BTO key collection, can I indicate to pay the mortgage using CPF-OA funds but repay my CPF-OA using cash every month / year? Will there still be accrued interest if I repay using cash monthly?

Hi I'm 24F planning to top up CPF, my mum is 58F this year she has 500 in OA, 5k SA and 2k MA. should I top up her CPF?

My mum is 49yo this year and is a kitchen helper earning around 1.8k per month before cpf deduction. OA - 11K, SA - 13K, MA - 12K Currently paying 711 for house with 15 years left (110k). What to do?

Can my dad (who is working) and me who is working, contribute to my mum's CPF RA (she currently has zero income, get 7k of tax relief each?