It is the end of September with all mandatory contributions in for the month. OA to SA transfer for the month of September is also completed. SA balance currently stands at $109,200.42, slightly more than half of 2020 FRS or 60.3% of the journey.
Taxes are essential for nation-building and developing Singapore into a stronger community, a better environment and a more vibrant economy. While it is crucial for the nation to collect more taxes; taxes at the same time is an expense out of the pocket for an individual — reducing the amount of taxes payable through legitContinue reading “Defer RSTU cash top-up till Income Level reaches higher tax bracket, yay or nay?”
I wanted to strengthen my understanding as well as my readers’ on CPF lump sum withdrawal from age 55 after my last post on whether you can withdraw ALL excess money from your CPF SA / OA account after meeting FRS / BRS. Some questions got me thinking, but I thought that just thinking ain’t goingContinue reading “Withdrawals of CPF savings from 55 — How much can you withdraw from your CPF SA / OA / RA Scenarios”
Most of the time when we talk about CPF contribution, we are usually thinking more of the Employer / Employee contributions. Let’s not forget, CPF contributions for freelancers or Self-Employed is equally important for retirement planning. This interesting question just popped up today: Can RSTU cash top-up to SA be withdrawn from age 55 onwardContinue reading “Can you withdraw ALL excess money from your CPF SA / OA account after meeting FRS / BRS?”
Most recently (in fact just 4 days ago), a new addition came onboard to the family. A brand new journey awaits in the financial planning for this little one! Life has been quite hectic while we adapt to the changes and schedules for two kids. Both needed equal attention, time and care; though being equalContinue reading “Financial Planning for Newborn and Maximising Child’s CPF SA / MA top-up”