CPF Balances Update – June 2020

It is the end of June with all mandatory contributions in for the month. OA to SA transfer for the month of June is also completed. SA balance currently stands at $107,057.49, slightly more than half of 2020 FRS or 59.1% of the journey. In the current climate, it is better to have more cashContinue reading “CPF Balances Update – June 2020”

CPF Balances Update – March 2020

It is the end of March with all mandatory contributions and cash top up in for the month. OA to SA transfer for the month of March is also completed. SA balance currently stands at $103,063.50, slightly more than half of 2020 FRS or 56.9% of the journey. Basic Healthcare Sum of $60,000 was metContinue reading “CPF Balances Update – March 2020”

CPF Balances Update – February 2020

It is the end of February with all mandatory contributions and cash top up in for the month. OA to SA transfer for the month of February is also completed. SA balance currently stands at $98,250.04, slightly more than half of 2020 FRS or 54.3% of the journey. There’s a slight change in strategy fromContinue reading “CPF Balances Update – February 2020”

A call to kick-start your CPF retirement planning early

The average life expectancy for Singaporeans is 83.2 years, for year 2018. Singaporean males have to perform national services duties for 2 years, and if we were to include university studies, the average age of beginning work in society is 25 years of age. I would have mentioned earlier in my article, Investing from Age Zero,Continue reading “A call to kick-start your CPF retirement planning early”

Never too late to compound your SA and save on taxes

I started Retirement Sum Topping-Up Scheme (RSTU) or topping up my child’s SA in Sep 2019. Working out the sums, I have seen how small contributions over a long period of time could substantially snowball into a big sum. What if I look further beyond the OA to SA transfer and also do a cashContinue reading “Never too late to compound your SA and save on taxes”