Wt_know Supersonic January 6, 2021 Author Share January 6, 2021 (edited) 20 minutes ago, Lala81 said: Bonus not under 37740 annual limit meh? included la ... that's why it is 17 months x $6000 x 37% = $37,740 ... annual limit cpf contribution ... even you are CEO which means only $30K (5 months bonus include AWS) is subjected to cpf contribution even your bonus is $50K or $100K Edited January 6, 2021 by Wt_know ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Kopites Supersonic January 6, 2021 Share January 6, 2021 12 minutes ago, Lala81 said: Bonus not under 37740 annual limit meh? Additional wage ceiling. Link to post Share on other sites More sharing options...
Angcheek Hypersonic January 6, 2021 Share January 6, 2021 1 hour ago, Lala81 said: Bonus not under 37740 annual limit meh? I also not sure ... if bonus also max at that cap, I am curious how others can have over 400k SA. 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic January 6, 2021 Share January 6, 2021 9 minutes ago, Angcheek said: I also not sure ... if bonus also max at that cap, I am curious how others can have over 400k SA. Parents top up when they were still babies! 1M SA also can reach! 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 6, 2021 Author Share January 6, 2021 (edited) 11 minutes ago, Angcheek said: I also not sure ... if bonus also max at that cap, I am curious how others can have over 400k SA. yalor ... i also want to know ... Edited January 6, 2021 by Wt_know 1 Link to post Share on other sites More sharing options...
Tedlhw 5th Gear January 6, 2021 Share January 6, 2021 40 minutes ago, Wt_know said: yalor ... i also want to know ... wah this thread is gan confusing sia.. got 4% got 6% , got shielding, got strategy... need accountancy degree man Link to post Share on other sites More sharing options...
Hubwee Supercharged January 6, 2021 Share January 6, 2021 2 hours ago, Lala81 said: Bonus not under 37740 annual limit meh? Yes it is considered . The maximum one can contribute to your CPF yearly is a total of 37,740 . Whether you are having high commission or big bonuses , you cannot contribute more than that . So those who claim otherwise is either talking rubbish or big cannon lo ... even if you or your company managed to contribute more than that into your CPF account , CPF will do a cash refund to you and your employer going by the amount that was over contributed . Happened to me in year 2010 lo ... luckily company was kind enough to pay me the amount they gotten back from CPF . Unless one makes very profitable investments using their CPF , how much one can have in their CPF can roughly be calculated using their age and years of employment . 4 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 6, 2021 Author Share January 6, 2021 2 minutes ago, Hubwee said: Unless one makes very profitable investments using their CPF , how much one can have in their CPF can roughly be calculated using their age and years of employment . probably, especially bought DBS at $17 and sell at $25 Link to post Share on other sites More sharing options...
Angcheek Hypersonic January 6, 2021 Share January 6, 2021 (edited) CPF Allocation rates for private sector and public sector non-pensionable employees (Based on 37% total cpf contribution) Based on the above , even assuming one max cpf contribution 37.7k at 25yr old . After 30yrs it is still very hard for him to cross 300k . After note; I missed out the INT .... havent do the math yet Edited January 6, 2021 by Angcheek 2 Link to post Share on other sites More sharing options...
Angcheek Hypersonic January 6, 2021 Share January 6, 2021 2 hours ago, Tedlhw said: wah this thread is gan confusing sia.. got 4% got 6% , got shielding, got strategy... need accountancy degree man Bo lwee to retire... bo bian . Must study cpf exam to pass. 😄 4 Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 6, 2021 Share January 6, 2021 5 hours ago, Spidey10 said: what if we don't sell my current property? we stay till I go meet my maker? then do we need to top up? If you pass on, your cpf will be given to your nominated beneficiaries. no need to top up. huat ah Link to post Share on other sites More sharing options...
Volvobrick Supersonic January 6, 2021 Share January 6, 2021 2 hours ago, Tedlhw said: wah this thread is gan confusing sia.. got 4% got 6% , got shielding, got strategy... need accountancy degree man Nothing confusing. First of all, must got $$$!😅 No need accountancy degree. Just need rich parents/spouse. Link to post Share on other sites More sharing options...
Wt_know Supersonic January 6, 2021 Author Share January 6, 2021 (edited) 16 minutes ago, Angcheek said: Bo lwee to retire... bo bian . Must study cpf exam to pass. 😄 to achieve CPF 1M55 ... sup sup water la ... with the power of compound interest starting pay at $3.6K at age 30 and reach $6K at age 48 imagine those already achieve $6K at age 30 ... ho say liao https://www.jeffreyleezq.com/post/a-million-dollars-in-cpf-by-55-is-it-possible-for-the-average-joe Edited January 6, 2021 by Wt_know Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 6, 2021 Share January 6, 2021 2 hours ago, Tedlhw said: wah this thread is gan confusing sia.. got 4% got 6% , got shielding, got strategy... need accountancy degree man I think need also CMFAS, CACS, CFA too... Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 6, 2021 Share January 6, 2021 (edited) 4 minutes ago, Wt_know said: to achieve CPF 1M55 ... sup sup water la ... starting pay at $3.6K at age 30 and reach $6K at age 48 imagine those already achieve $6K at age 30 ... ho say liao https://www.jeffreyleezq.com/post/a-million-dollars-in-cpf-by-55-is-it-possible-for-the-average-joe For MCF confirm sup sup suey, in fact by 50 should already easily be $1m. MCF1m50, yeah! KNS lah, $6k at 30 yrs old???? Wah piang, pengz...... Edited January 6, 2021 by Throttle2 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 6, 2021 Author Share January 6, 2021 (edited) 1 minute ago, Throttle2 said: For MCF confirm sup sup suey, in fact by 50 should already be $1m. MCF1m50, yeah! KNS lah, $6k at 30 yrs old???? Wah piang, pengz...... hearsay, MCF 30 years old smelly smelly $20K liao + 2 private properties (sell 1 buy 2) ... must double check with showster friends first ... hehe Edited January 6, 2021 by Wt_know 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic January 6, 2021 Share January 6, 2021 3 minutes ago, Wt_know said: hearsay, MCF 30 years old smelly smelly $20K liao + 2 private properties (sell 1 buy 2) ... must double check with showster friends first ... hehe Mai kwa chang lah... 30yrs old $20k plus 2 fully paid private properties? at least 32 yrs old lah.... Link to post Share on other sites More sharing options...
Angcheek Hypersonic January 6, 2021 Share January 6, 2021 20 minutes ago, Wt_know said: to achieve CPF 1M55 ... sup sup water la ... with the power of compound interest starting pay at $3.6K at age 30 and reach $6K at age 48 imagine those already achieve $6K at age 30 ... ho say liao https://www.jeffreyleezq.com/post/a-million-dollars-in-cpf-by-55-is-it-possible-for-the-average-joe provided dont use CPF for housing ? ........... not many people can do that lel 😅 ↡ Advertisement 3 Link to post Share on other sites More sharing options...
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