Posted by
2 steps to optimize your CPF account

Your CPF account consists of 3 accounts: Ordinary Account (OA), Special Account (SA), and your Medisave Account (MA). The OA is primarily used for providing housing, while SA is used for retirement. MA is used to pay for healthcare. The […]

Continue Reading
Posted by
Voluntary CPF-SA contribution before end Jan

I topped up the full $7k into my SA today, before the end of Jan. CPF calculates interest on a monthly basis, so anytime before Jan 31 is fine. I don’t have any other use for the money, so I’ll […]

Continue Reading
Posted by
Topping Up $7,000 into my CPF Special Account (SA) for tax deductions

Last month, I decided to top up my CPF Special Account since that account gives me 4% yield risk free. My calculations showed that I can reduce my tax bill by $7k x 15% = $1050, without even taking into […]

Continue Reading
Posted by
Having a high savings rate right early on

The day I received my first paycheck was memorable.  At 23, I remember feeling I was financially independent, and I didn’t need to spend my parents money anymore.  So I spent about 80% of my salary for the first 3 […]

Continue Reading