Personal Finance
Topped Up CPF MA
By Live Rich Life Free  •  January 25, 2025
I just topped up $1k into my CPF Medisave Account (MA) today. An early Ang Bao to myself from left hand to right hand. My CPF MA balance now stands at $73,703.73, $1,796.27 away from the Basic Healthcare Sum (BHS) of $75.5k for 2025. As my idle cash are stashed away in money market funds yielding more than 3% daily interest and being staked for selling cash secured put options, I plan to wait for the next CPF contributions from employment in Feb 25, before topping up my CPF MA to BHS using free money from dividends. The key benefits of voluntary CPF MA top up are to enjoy tax relief as well as earning 4% p.a interest. As I have already attained Full Retirement Sum in my CPF Special Account, I could no longer make Retirement Sum Top Up. This is the best effort I can make with CPF. Disclaimer: This article is for informational purposes only and does not constitute financial advice....
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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