An exchange of comments with readers on my FB wall highlighted something that could be overlooked by some. Credit goes to Pero for the reminder.
In March this year, I shared a screen shot in my blog:
Why did I voluntarily contribute $4,000 and not much more?
Reason:
The maximum amount of CPF contributions, including mandatory contributions your employer pays on your behalf, is $26,393.
The maximum amount of voluntary contributions a person (employee or self-employed) can make in one calendar year is subject to the CPF Annual Limit. All CPF contributions, whether mandatory or voluntary, will form part of the CPF Annual Limit.
From 2011, the CPF Annual Limit is ......