- CPF OA earns a guaranteed interest rate of 2.5% and can be used for housing, investing, education and approved insurance.
- CPF SA and CPF MA earned guaranteed interest rate of 4%.
- The first $60,000 of your combined CPF earns an extra 1%.
- When you turn 55, a Retirement Account will be created and you will need to transfer the minimum sum in and for me, that will be $155,000.
- You can enjoy tax relief of up to $7,000 if you contribute cash into your own CPF SA and another $7,000 if you ...
There is an article in the Sunday Times today on how to maximize the use of your CPF.
Let me summarize the key points and share with you a tip on how to reduce your tax bill while doing something which you do anyway.
Key Points
