facebookIf my SA is now max out at 166k, i can no longer do any top up to it right? Btw MA is also maxed out. Appreciate the advice. Thank you? - Seedly

Anonymous

25 Feb 2020

βˆ™

Retirement

If my SA is now max out at 166k, i can no longer do any top up to it right? Btw MA is also maxed out. Appreciate the advice. Thank you?

Also what happens to my CPF contributions which is still proportioned to SA account? Does it overflow to OA? Or will it still goes to topping up SA and just that i can no longer do a 'personal' top up?

Discussion (2)

What are your thoughts?

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Do an annual top up to the new ceilings of SA & MA. For SA, it is rising at $7k per year. Not sure about MA.

If you have reached 55 year old, you can opt for ERS via cash or from OA.

Hariz Arthur Maloy

27 Oct 2018

Independent Financial Advisor at Promiseland Independent

You can only do a voluntary contribution to your SA up to the FRS of the current year. This year's its 171k. Then it can only earn interest. Same with MA. Any new monies trying to enter MA will flow to SA, and if that is full, will flow to OA. OA has no cap but only earns 2.5%.

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