CPF SA Shielding before RA is formed at age 55

You may have heard of the CPF SA shielding trick or SA shielding hack, something that a person nearing Age 55 may do. But what is this SA shielding that everyone is talking about? Your CPF is generally a comprehensive social security savings plan whose main aim is to inculcate forced savings in working SingaporeansContinue reading “CPF SA Shielding before RA is formed at age 55”

I will my assets, share and share alike

Everyone eventually leaves one day, and you either leave assets or liabilities behind, or even both. I have been going through this thought process of making a will. Doing one is not expensive, it can cost anything from a few hundred dollars to zero cost. I laid out all that I might possibly have, thoughContinue reading “I will my assets, share and share alike”

How far have Singaporeans progressed with hacking their CPF SA/RA and SRS?

I enjoy analysing data during my spare time and to see if there is any trend or deeper meaning from a macro perspective. I was reading through government statistics available online and I am amazed at how much and how far these data sets go back. So I was interested to find out how farContinue reading “How far have Singaporeans progressed with hacking their CPF SA/RA and SRS?”

Historical CPF Interest Rates and tidbits

Since 1999 till present, OA, SA and RA interest rates have been consistent at 2.5%, 4% and 4% respectively. Since 2002 till present, MA interest rate has been consistent at 4%. Account Type Introduced in Special Account (SA) July 1977 MediSave Account (MA) April 1984 Retirement Account (RA) January 1987 Period CPF interest 1955 toContinue reading “Historical CPF Interest Rates and tidbits”