tag:blogger.com,1999:blog-7944902213075756335.post2825677593253038367..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): Should I top up my CPF-SA, CPF-MA or SRS account?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-7944902213075756335.post-8805021268703750572017-12-03T19:19:57.334+08:002017-12-03T19:19:57.334+08:00Reader says...
I finally save up 7k for RSTU this ...Reader says...<br />I finally save up 7k for RSTU this month. But coming next month the BHS up 2.5k. Should I split the money for MA? Both top up look the same. Tax relief and 4% CPF interest. What's your thoughts please?<br /><br />AK says...<br />Read this blog. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10306807027229606912017-10-21T09:54:32.118+08:002017-10-21T09:54:32.118+08:00Ng Cheekoon:
You are banking on the rules that won...Ng Cheekoon:<br />You are banking on the rules that won't change in the next XXX years? How can I be sure?<br /><br />AK: <br />So far, changes to the CPF system have been made to help ensure greater retirement adequacy. I trust that this will continue to be so. <br />Of course, if we don't trust the system, don't do voluntary contributions or top ups. :)<br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-40417664939010490472017-10-21T09:32:51.417+08:002017-10-21T09:32:51.417+08:00Reader says:
I'm planning to do VC monthly to ...Reader says:<br />I'm planning to do VC monthly to my CPF account. Which account should I start first MA or SA? Both can give me a tax relief.<br /><br />AK says:<br />What we do will depend on our objectives.<br />Money in the SA is purely for retirement funding.<br />Money in the MA is used to pay for H&S insurance and medical bills.<br /><br />See this:<br />http://AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67798844584051375142015-09-06T14:27:53.664+08:002015-09-06T14:27:53.664+08:00"Always be saving something. Put it into a ta...<i>"Always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer."</i> Charlie Munger.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47126913079242656182015-09-06T14:15:44.767+08:002015-09-06T14:15:44.767+08:00Hi VH,
It depends on what is your chargeable inco...Hi VH,<br /><br />It depends on what is your chargeable income. So, if, for example, your chargeable income is $30,000 a year, your income tax payable is $200. No income tax for the first $20,000 and 2% income tax for the next $10,000.<br /><br />In order not to pay that $200, you could contribute to your CPF-SA, CPF-MA and/or SRS account a total of $10,000 in that year.<br /><br />You might wantAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66579009899186676012015-09-06T13:10:00.695+08:002015-09-06T13:10:00.695+08:00If we contribute to SA monthly, we do not need to ...If we contribute to SA monthly, we do not need to pay income tax right? For example, yearly income tax is $1200. Before that i contribute $100 every month for a year, so my income tax is $0?Anonymoushttps://www.blogger.com/profile/16893061372593188009noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14453225667805471772015-08-04T12:30:00.433+08:002015-08-04T12:30:00.433+08:00From a FB chat:
Dexter Choo:
Anyway if let's ...From a FB chat:<br /><br />Dexter Choo:<br />Anyway if let's say you do VC and Max your SA yearly , you still wanna Max SRS because you're using it as a warchest?<br /><br />Assi AK:<br />If I can max, I will max.<br />But if I no longer have an earned income and no longer have to pay income tax, I will not contribute to SRS liao.<br />AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-250829745078727592015-03-28T09:49:02.914+08:002015-03-28T09:49:02.914+08:00Hi MaoMao,
I believe that if our objective is ret...Hi MaoMao,<br /><br />I believe that if our objective is retirement adequacy, then, the SA is the logical first choice. It is a low hanging fruit to me. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-10268682866719791442015-03-27T22:27:28.035+08:002015-03-27T22:27:28.035+08:00If funds are limited, I think topping up SA first ...If funds are limited, I think topping up SA first has more benefits than topping up SRS.Mao Maohttps://www.blogger.com/profile/10325600231229140321noreply@blogger.com