Great CPF video Kelvin! I just want to clarify here that in the old CPF tax relief policy, we could top-up more than $8000 per year (self) to get tax relief. With the new rules since 2022, it does not make sense anymore to top-up more than $8000 (self) for either RSTU and VCMA. Hence, no need to rush to top up till FRS by 30, because the net benefit will not be that advantageous now.
@KelvinLearnsInvesting5 ай бұрын
Thanks for the clarification!!
@jeffer87625 ай бұрын
hoho honeymonesg gg liao cannot tax relief
@kcchiew42475 ай бұрын
I achieved minimum sum in SA before 2009 (around 100k at age 40). My total cpf interest gain (OA + SA + MA) was more then 200k at the end of 2022 (age 54), more than enough to transfer FRS ($198800) into RA at age 55 last year . CPF's interest paid my RA saving.😉
@chaangru5 ай бұрын
You can always top up your CPF MA every 1 Jan for tax relief since the MA ceiling goes up every year.
@cheekwonghon62675 ай бұрын
When I see the title, the answer is so straightforward that I don’t feel like clicking in lol
@lktan2245 ай бұрын
If I can turn the clock backwards and has excess moneys , every year from 1 years old.
@5canwalk5 ай бұрын
Do a video of what age to achieve FRS so that RA ownself hits ERS by 55.
@Truthspeakers5 ай бұрын
A 3 mins webull advertisement for a 12 mins meaningless “everybody also know” video. Most financial educated Singaporeans already knows this, so no need keep repeating & copying other SG youtubers just to get views. Just watch the SG original ones like 1m65 Mr Loo & Ak71SG enough already.
@casemiro36635 ай бұрын
Bro can make a video on what to invest in if you have spare 100-200k?
@tritonyeah5 ай бұрын
CPF accrued interest no longer an issue when you sell your house after the age of 55, before that even if you sell your house having hit FRS before 55 (say 40), you will still need to factor in to pay the cpf accrued interest using the sales proceeds from the house hence eating into your cash profits.
@wwc71344 ай бұрын
Accrued int is still your money leh… whats the prob e
@willeu17705 ай бұрын
Great video Kelvin! Your webull advertisement is getting longer 😅
@elearntraders61015 ай бұрын
Please make a video on the margin requirement for option selling for stocks and index.
@Missy_Ai5 ай бұрын
Can do a video on how to achieve ERS instead?
@dufreversi425 ай бұрын
Does anyone knows if I top up my wife special account do I get tax relief? She earn about 3.5k per mth.
@camalotnite5 ай бұрын
FRS is around $200k isnt it? ERS is around $400k.. confused
@KelvinLearnsInvesting5 ай бұрын
Ya, why?
@yenvee99225 ай бұрын
Can you pl prepare a video with info, good and bad of matgage HDB ownership and keep is as SRS, instead of FRS...which is afterall a diminishing asset and at one point children will get zero. Invest the gain by not putting money into FRS, but in three banks and live on dividends.
@KelvinLearnsInvesting5 ай бұрын
Do u mean, compare topup cpf vs topup into srs, then invest the srs money?
@yenvee99225 ай бұрын
@@KelvinLearnsInvesting No, I meant Standard Retirement Sum + HDB Flat pledging vs FRS. If this retirement sum is of a depleting asset, is it not better to opt for Std Ret Sum + pledging and use the excess amt if it is for FRS, invested in local banks and reap the dividends and still the stocks will go to children.
@ahsiong885 ай бұрын
Where can I find the CPF calculator which is shown towards the end of this video?
@KelvinLearnsInvesting5 ай бұрын
Here you go :) valuewarrior.blogspot.com/p/cpf-calculator-test.html
@5canwalk5 ай бұрын
My guess is 45
@jennayim46585 ай бұрын
Hi. If I work after 55y( RA is already FRS), can I withdraw my OA anytime? If yes, can I have tax relief for the CPF contributions?
@kenneth.lim33905 ай бұрын
Tax relief is only for contributions up to the FRS..so if you already hit FRS, there is no more tax relief for topping up
@Edkko48225 ай бұрын
Yes, you can withdraw your excess OA any time as you need it. But do remember it gives you 2.5% interest rate. Self top up ,No tax relief after you hits FRS after 55. If I m not wrong, do check with CPFB.
@hex65935 ай бұрын
Typo in title? “When” not “which”?
@KelvinLearnsInvesting5 ай бұрын
Ops, i brainfarted. Thanks!
@wwc71344 ай бұрын
I dont even need to do any top up and reach FRS before 40. Use OA to buy pte and sell 3-4 yrs and repeat. I can get a hdb worth 1.2m using my profits. Only poor pple focus on means and ways to hit FRS 😂
@carnesir5 ай бұрын
Bro no video today 😢
@KelvinLearnsInvesting5 ай бұрын
Nah :) kzbin.infoauTLQP6O9oA?feature=share
@carnesir5 ай бұрын
@@KelvinLearnsInvesting oh! Shorts! Nice
@shenglongtan95875 ай бұрын
title short of 1 age
@chestertham8645 ай бұрын
before u are 21, means your parents have Topped up for you