If I have more than $60000 combined in CPF? - Seedly
 

CPF

Asked by Anonymous

Asked on 05 Jul 2019

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

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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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