A conversation which I think might motivate a few others here:
Hi AK,
I have been going through your blog on max up minimum sum. I really like the idea to have govt help to build our retirement fund.
Can i seek your opinion that if my SA has not hit the minimum sum of 161k, is it better to do cash topup (even more than 7k, no tax rebate beyond that though) to SA? Is when we hit the minimum sum, then we do VC to further build up our CPF account. Whats your view?
Thanks and regards,
G
Hi G,
If you want to give your SA a boost, I think doing the MS top-up is a good idea. You will hit the minimum sum faster and get income tax relief (up to the first $7K yearly) to boot. Of course, it really has to be money that......
