tag:blogger.com,1999:blog-7944902213075756335.post387728036985602505..comments2024-03-18T15:38:20.232+08:00Comments on A Singaporean Stocks Investor (ASSI): What should I do with my bonus?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-7944902213075756335.post-79865401886499403042017-06-22T22:38:42.975+08:002017-06-22T22:38:42.975+08:00Hi K,
A regular voluntary contribution would see ...Hi K,<br /><br />A regular voluntary contribution would see the money going into OA, SA and MA. If the MA is maxed out, then, only the OA and SA (even if the SA has hit the MS/FRS).<br /><br />Note that voluntary contribution is only allowed if the mandatory contribution (if any) does not hit the annual contribution limit. Such a voluntary contribution also does not receive any income tax reliefAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-47770351649332508422017-06-22T11:34:05.347+08:002017-06-22T11:34:05.347+08:00Hi AK,
So even if your SA has exceeded the minimu...Hi AK,<br /><br />So even if your SA has exceeded the minimum sum, you can still contribute into SA by doing CPF voluntary contribution?<br /><br />Thanks.Khttps://www.blogger.com/profile/01096331252046081022noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27252932304688200712017-06-22T09:41:30.914+08:002017-06-22T09:41:30.914+08:00Hi Sanye,
Yes, you won't be allowed top top u...Hi Sanye,<br /><br />Yes, you won't be allowed top top up your SA because you are above 55. Only top ups to RA is allowed and only if you have yet to hit the minimum sum.<br /><br />In my retirement, I am doing voluntary contribution to my CPF yearly. The money goes to my OA and SA only since my MA is maxed out. Of course, I am not allowed to do any top up to my SA because it has exceeded theAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-1448606462016774222017-06-21T10:34:02.992+08:002017-06-21T10:34:02.992+08:00Hi AK,
No, I am not referring to RA. I am above 5...Hi AK,<br /><br />No, I am not referring to RA. I am above 55 and my employer still contribute to my SA till now. <br /><br />Very soon I am going into semi-retirement and the regular contribution to my CPF accounts will cease as I will be receiving a "service fee" instead of salary. I thought I could still do voluntary contribution to my SA, but a check with CPF board confirmed that Sanye ◎ 三页https://www.blogger.com/profile/10864265445567780610noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-6836924232129115632017-06-21T10:03:23.824+08:002017-06-21T10:03:23.824+08:00Hi Sanye,
If you are referring to a minimum sum t...Hi Sanye,<br /><br />If you are referring to a minimum sum top up to the SA, no. Above 55, you are only allowed to top up your retirement account if you have yet to hit the minimum sum.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22845310589310332892017-06-21T09:10:48.441+08:002017-06-21T09:10:48.441+08:00Hi AK,
Do you know if a person age above 55 can s...Hi AK,<br /><br />Do you know if a person age above 55 can still do voluntary top up to his special account?<br /><br />Sanye ◎ 三页https://www.blogger.com/profile/10864265445567780610noreply@blogger.com