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HL Low

14 Sep 2022

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Parent age 61 y/o has yet to reach BRS. Is it wise to TopUp their CPF RA or CPF SA?

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DunSayBojioHor

04 Dec 2022

Yes, with the matching top-up from govt. Double the amount.

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YOC

07 Oct 2022

At least for the matched retirement savings scheme (its free money)! i did for mine so that she has a "higher payout" and also higher interest in the long run

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Ace

14 Sep 2022

Yes,

1) for Matched Retirement Saving Scheme - Govt give free money for each dollar contributed up...

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If my parent age 63 y/o as of year 2024 have yet to reach the BRS in their retirement account and they have yet to reach their BHS in MediSave account which one should they TopUp?

At what age should one start to TopUp their CPF SA to reach FRS? Is it adviseable to TopUp CPF Special Account at young age?

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?

Under RSTU, does OA to SA CPF transfer contribute into RA at age 55? Will the transfer be counted into the withdrawal at age 55?

For tax rebate sake: 1. Is it wise to RSTU 8k each year for my spouse CPF which near 0 balance in SA from now at the age of 40 till 55? 2. Priority should be SRS first or spouse CPF?

Related Posts

If my parent age 63 y/o as of year 2024 have yet to reach the BRS in their retirement account and they have yet to reach their BHS in MediSave account which one should they TopUp?

At what age should one start to TopUp their CPF SA to reach FRS? Is it adviseable to TopUp CPF Special Account at young age?

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?

Under RSTU, does OA to SA CPF transfer contribute into RA at age 55? Will the transfer be counted into the withdrawal at age 55?

For tax rebate sake: 1. Is it wise to RSTU 8k each year for my spouse CPF which near 0 balance in SA from now at the age of 40 till 55? 2. Priority should be SRS first or spouse CPF?

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