Roh96 6th Gear February 23, 2021 Share February 23, 2021 We cannot top up SA with cash, but we can top up OA with cash. If let say at age 55 onward where employer and employee percent is lowered, we can top the balance with cash right? I mean treating my CPF account as saving account lah, since the interest is smelly smelly better than any FD out there. ↡ Advertisement Link to post Share on other sites More sharing options...
Car_byte 3rd Gear February 23, 2021 Share February 23, 2021 20 minutes ago, Roh96 said: We cannot top up SA with cash, but we can top up OA with cash. If let say at age 55 onward where employer and employee percent is lowered, we can top the balance with cash right? I mean treating my CPF account as saving account lah, since the interest is smelly smelly better than any FD out there. I recalled reading from this thread that after 55, top up is only to RA, not OA or SA. Unless you 'refund' your housing loan, then this goes to OA. 1 Link to post Share on other sites More sharing options...
Angcheek Hypersonic February 23, 2021 Share February 23, 2021 (edited) 1 hour ago, Kopites said: Anyone any idea on the cpf saq? 20 mcq? Must get them all correct? Didn't proceed as need to use singpass to log in. Whats the reward first ? 😜🍻🍻🍻🍻 I have my lucky dice 1 2 3 4 ... 😁 Edited February 23, 2021 by Angcheek 2 Link to post Share on other sites More sharing options...
Kopites Supersonic February 23, 2021 Share February 23, 2021 43 minutes ago, Angcheek said: Whats the reward first ? 😜🍻🍻🍻🍻 I have my lucky dice 1 2 3 4 ... 😁 To shield one need to answer the saq. Just read from 2018 all cpf source investment need that stupid saq before investment. Need to go dig up my decades ago primary 3 notes? Damn....already a father!😟 Anyone done that? Difficult? 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic February 23, 2021 Share February 23, 2021 2 hours ago, Roh96 said: We cannot top up SA with cash, but we can top up OA with cash. If let say at age 55 onward where employer and employee percent is lowered, we can top the balance with cash right? I mean treating my CPF account as saving account lah, since the interest is smelly smelly better than any FD out there. Yes. Confirmed can top up to all 3 accts. You cam also top up 3k to MA first (is 60k to 63k max) on 1st Jan to earn extra interest. Excess will be refunded to SA/OA on 31st Dec. But don't over top up if you still have CPF contributions from employment. It would be refunded without interest. You can check how much max you can top up in December after your last contribution. 4 Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 23, 2021 Share February 23, 2021 Nothing left to top up, just keep accumulating OA Link to post Share on other sites More sharing options...
Windwaver Turbocharged February 24, 2021 Share February 24, 2021 On 2/22/2021 at 5:33 PM, Throttle2 said: https://www.straitstimes.com/business/companies-markets/hyflux-and-its-directors-including-olivia-lum-under-criminal i wonder whats the outcome .... so many months already. ..... Facepalm Yeah, me too, like no follow up. Link to post Share on other sites More sharing options...
Throttle2 Supersonic February 24, 2021 Share February 24, 2021 I pass by Bendemeer, the big building which was former Hyflux headquarters today. taken over by another company leh. Link to post Share on other sites More sharing options...
Ct3833 Supersonic February 24, 2021 Share February 24, 2021 On 2/23/2021 at 8:15 PM, Volvobrick said: Yes. Confirmed can top up to all 3 accts. You cam also top up 3k to MA first (is 60k to 63k max) on 1st Jan to earn extra interest. Excess will be refunded to SA/OA on 31st Dec. But don't over top up if you still have CPF contributions from employment. It would be refunded without interest. You can check how much max you can top up in December after your last contribution. Lichman spotted, must have over topped up before right😄😄 Link to post Share on other sites More sharing options...
Kopites Supersonic February 24, 2021 Share February 24, 2021 (edited) On 2/23/2021 at 8:15 PM, Volvobrick said: Yes. Confirmed can top up to all 3 accts. You cam also top up 3k to MA first (is 60k to 63k max) on 1st Jan to earn extra interest. Excess will be refunded to SA/OA on 31st Dec. But don't over top up if you still have CPF contributions from employment. It would be refunded without interest. You can check how much max you can top up in December after your last contribution. The ma to 63k can only top up somewhere mid Jan. I tried on 1st and 2nd, 3rd still kick me out. Stick at 60k. Edited February 24, 2021 by Kopites 2 Link to post Share on other sites More sharing options...
Kopites Supersonic February 24, 2021 Share February 24, 2021 (edited) On 1/19/2021 at 8:54 PM, Kopites said: Deleted Edited February 24, 2021 by Kopites Link to post Share on other sites More sharing options...
Throttle2 Supersonic March 7, 2021 Share March 7, 2021 On 2/23/2021 at 5:27 PM, Roh96 said: We cannot top up SA with cash, but we can top up OA with cash. If let say at age 55 onward where employer and employee percent is lowered, we can top the balance with cash right? I mean treating my CPF account as saving account lah, since the interest is smelly smelly better than any FD out there. Top up OA with cash? Really. Is that possible i dont mind topping up $500k now. And in 7 yrs with i am 55, it becomes free for my use. can? 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic March 7, 2021 Author Share March 7, 2021 (edited) 18 minutes ago, Throttle2 said: Top up OA with cash? Really. Is that possible i dont mind topping up $500k now. And in 7 yrs with i am 55, it becomes free for my use. can? hahaha ... tan ku ku la what he meant was after 55, he wish to top up his CPF with CASH (+7%) in OA to maintain 20% own cpf contribution prior to 55 ... only if you work after 55 then got cpf contribution ... question is ... top up every month like a cpf contribution or one lump sump (calculate the difference) ... can meh? like that everyone want to top up to $37,740 per annum ... lol Edited March 7, 2021 by Wt_know Link to post Share on other sites More sharing options...
Jp66 5th Gear March 7, 2021 Share March 7, 2021 On 2/23/2021 at 5:49 PM, Car_byte said: I recalled reading from this thread that after 55, top up is only to RA, not OA or SA. Unless you 'refund' your housing loan, then this goes to OA. you are correct. it was mentioned in the video (at 5.00 mark) by CPF Board. Planning for Your Retirement with CPF Link to post Share on other sites More sharing options...
Wt_know Supersonic March 7, 2021 Author Share March 7, 2021 (edited) that means at age 54, shield the SA first (kept mandatory $40K), move all the funds to safe short term bond then few months before 55 birthday, top up SA to $181K with CASH$ to meet min sum to be ready for RA like that means also shielded OA since SA = FRS ... is that correct? after 55 birthday, liquidate the bond and move $$ back to SA at the end OA and SA both are shielded to earn 2.5% and 4% ... aka long term bond with withdrawal flexibility technically the entire FRS ($181K) is funded with $40K + $141K CASH top up ... isn't this is better than keep $141K in FD to depreciate in value? ... lol at 55, T2 can top up RA to $271K with CASH too this means OA got >$500K, SA got >$500K and RA = $271K ... song song gao jurong huat ah! Edited March 7, 2021 by Wt_know 2 Link to post Share on other sites More sharing options...
TangoCharlie Supersonic March 7, 2021 Share March 7, 2021 (edited) 1 hour ago, Wt_know said: that means at age 54, shield the SA first (kept mandatory $40K), move all the funds to safe short term bond then few months before 55 birthday, top up SA to $181K with CASH$ to meet min sum to be ready for RA like that means also shielded OA since SA = FRS ... is that correct? after 55 birthday, liquidate the bond and move $$ back to SA at the end OA and SA both are shielded to earn 2.5% and 4% ... aka long term bond with withdrawal flexibility technically the entire FRS ($181K) is funded with $40K + $141K CASH top up ... isn't this is better than keep $141K in FD to depreciate in value? ... lol at 55, T2 can top up RA to $271K with CASH too this means OA got >$500K, SA got >$500K and RA = $271K ... song song gao jurong huat ah! To shield OA, you also need to move the funds out before RA is created. Inject cash into RA then liquidate your OA and SA investments. Just note that for withdrawals, SA will get hit first, so there is the downside of OA shield. That's my understanding. Edited March 7, 2021 by TangoCharlie 3 Link to post Share on other sites More sharing options...
Throttle2 Supersonic March 7, 2021 Share March 7, 2021 (edited) 1 hour ago, Wt_know said: that means at age 54, shield the SA first (kept mandatory $40K), move all the funds to safe short term bond then few months before 55 birthday, top up SA to $181K with CASH$ to meet min sum to be ready for RA like that means also shielded OA since SA = FRS ... is that correct? after 55 birthday, liquidate the bond and move $$ back to SA at the end OA and SA both are shielded to earn 2.5% and 4% ... aka long term bond with withdrawal flexibility technically the entire FRS ($181K) is funded with $40K + $141K CASH top up ... isn't this is better than keep $141K in FD to depreciate in value? ... lol at 55, T2 can top up RA to $271K with CASH too this means OA got >$500K, SA got >$500K and RA = $271K ... song song gao jurong huat ah! I still dont understand , shield for what? just use me as example. Say pretend i got $1mil in cpf today. please explain Edited March 7, 2021 by Throttle2 Link to post Share on other sites More sharing options...
Lala81 Hypersonic March 7, 2021 Share March 7, 2021 (edited) 2 hours ago, Wt_know said: that means at age 54, shield the SA first (kept mandatory $40K), move all the funds to safe short term bond then few months before 55 birthday, top up SA to $181K with CASH$ to meet min sum to be ready for RA like that means also shielded OA since SA = FRS ... is that correct? after 55 birthday, liquidate the bond and move $$ back to SA at the end OA and SA both are shielded to earn 2.5% and 4% ... aka long term bond with withdrawal flexibility technically the entire FRS ($181K) is funded with $40K + $141K CASH top up ... isn't this is better than keep $141K in FD to depreciate in value? ... lol at 55, T2 can top up RA to $271K with CASH too this means OA got >$500K, SA got >$500K and RA = $271K ... song song gao jurong huat ah! Heard there's another trick, At 55, choose CPF Life most basic plan. Then "change your mind", top up cash to the maximum scheme. But tiagong lah from those CPF blogs that my friend reads. Something like this rough idea. But i think at most I'll do SA shielding. Edited March 7, 2021 by Lala81 ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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