CPF Interest 2017
|image credit to asiaone.com|
Ding…Ding…Ding, CPF Board had just credited the interest into our CPF account, you may log in and check your latest balance and amount of interest you got from “ Ah Gong “...😊
This year, total $ 28,114 been credited into our account ( for both STE & Mrs STE) as interest income from CPF and we are really happy to see our money continue to grow in CPF as we treat it as AAA Bond till 2025 ( till we reach 55 years old). As I have highlighted in my previous blog post, we treat this CPF outstanding as Bond in our portfolio and also as “cushion” in case anything happens to our equity portfolio due to market volatility.
Combined, we have $967K (including CPF-IS sum ) in our CPF balance and we are projecting to hit $1 mil mark by 2020.
CPF is not Superman
|image credit to cpf.gov.sg|
Topping up the SA account also subject to much debates and have pro & cons, it depends on your own situation. 4% interest and Tax rebate maybe tempting for someone to do the transfer or topping up, but some may also think that locking up our money for such a long period may not be wise (especially the younger one ) as the transfer is irreversible.
3 benefits of topping up your CPF from CPF Board
Personal Finance is very personal, make your own choice base on your priority and objective, and of course your stage of financial life-cycle.
My related blog posts to CPF ( here )
How much did you get from “ Ah Gong “ right after celebrating the New Year 2018 !!
Quote Of The Day:
"The 3 C's of Life: Choices, Chances, Changes. You must make a choice to take a chance or your life will never change."
Appendix: CPF statement