facebookShould trainees top up our CPF since we don't receive CPF contributions? Or is it better to invest instead? - Seedly

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Anonymous

21 Dec 2020

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Retirement

Should trainees top up our CPF since we don't receive CPF contributions? Or is it better to invest instead?

$2.5k isn't a lot but I've heard about the benefits of topping up CPF in the long run, just wondering if investing is a better option instead?

Discussion (6)

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Jiayee

20 Dec 2020

Salaryman at some company

My main reason for topping up CPF is not just the interest but also the significant income tax reliefs. Without the reliefs, I'm hesitant to lock up my cash.

If I were you, I would invest my spare cash. I will only consider topping up CPF when I reach a higher tax bracket and the income tax reliefs are "worth it".

View 1 replies

Shengshi Chiam, CFA

18 Dec 2020

Personal Finance Lead at Endowus

Hi Anon,

There are 2 key benefits to topping up CPF.

  1. Tax reliefs - Employee/Self employed indiv...

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