This is the first time me and my wife did cash top up into our respective CPF SA account via Retirement Sum Topping Up (RSTU).

I topped up $4,000 while my wife topped up $7,000.

Reason for topping up:

1) Tax Relief for 2020

2) 4% interest per annum (Power of Compounding)

3) Escalating toward Full Retirement Sum (FRS)

In total for myself, I had transferred $72,000 from my CPF OA to SA since 2017 (Link) + $4,000 from Cash to CPF SA.

Related post:

1) Free $5 Grab voucher from CPF

2) New milestone – $300,000 portfolio

3) 33 financial tips for my 33rd Birthday

4) What I had learned in term of Life and Financial during Circuit Breaker (CB) period

5) Transferred $20,000 from CPF OA to SA for Oct 2020