Reminder ! Reminder !
Jan 2018 - Old Boring Turtle's CPF Activities (Be rewarded when you top up in Jan / Early each year)
One more step forward to my another stream of retirement income.
Retirement Sum Top Up - CPF SA: $7,000
Voluntary Contribution - CPF MA: $3,113.41 (Met MA Ceiling $54,500 for 2018)
Both activities provide tax relief, so my tax relief so far will be at least $10,113.41.
My CPF MA interest (4% pa) $2,180 will be able to more than sufficient cover the H&S premium for myself, my son and daughter.
From Feb onwards, employee + employer CPF contribution will flow into OA and SA account since MA ceiling has been met.
While you are trading and building your own portfolio, do not forget to build another stream of sustainable income for retirement.
For me, I will pick the lowest hanging fruit while I continue to manage my personal investments as part or retirement planning.
Updated on 5 Jan 2018:
What happens when you hit the CPS MA ceiling cap?