I must admit that I like certain aspects of our provident fund and I enjoy “hacking” it; what I really mean leveraging on its benefits. The movement to do cash top up and let power of compounding your child’s SA from young is gaining popularity in recent times. Some parents are doing it as a form of forced savings, some others hopped in to follow the crowd. However, I thought it was important to know why you are doing what you are doing.

Some of the common questions parents often ask me is

Why am I topping up my child’s CPF account?Am I robbing her chance of tax relief at higher tax bracket in future?How much should I top up my child’s CPF?Why not invest her monies in other investment instruments?

I have to qualify that CPF is only one of several savings-cum-investment strategies we have for her. She has