Wednesday, December 16, 2020

Done for 2020 CPF Retirement Sum Topping-up (RSTU). How about you?


This is the first time me and my wife did cash top up into our respective CPF SA account via Retirement Sum Topping Up (RSTU). 

I topped up $4,000 while my wife topped up $7,000.

Reason for topping up:
1) Tax Relief for 2020
2) 4% interest per annum (Power of Compounding)
3) Escalating toward Full Retirement Sum (FRS)

In total for myself, I had transferred $72,000 from my CPF OA to SA since 2017 (Link) + $4,000 from Cash to CPF SA.

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1 comment:

  1. This is my new plan as well, to hit the FRS asap.
    Have you calculated by what age (how many years from now) will you be able to achieve that?