If you’re part of my YouTube community, you may have seen the pictures I’ve shared on my latest CPF numbers.
Here they are for those who don’t know,
I have been fortunate to be able to leverage high yield treasury bills to increase my CPF savings at a faster rate in the last couple of years.
However, since the difference has been so small in recent months, I have decided to simply leave the SPF’s OA funds untouched for the time being.
I have just increased $4,000 to my CPF MA to reach mainstream BHS in 2025.
I decided to do it now because January is going to be a busy month and I’m afraid I’ll forget to do it later.
Updated:
This 4% per year increase will make me risk-free and generate more interest income to pay for my medical insurance.
Of course, if we were still gainfully employed, doing this would also allow us to enjoy income tax relief.
We are fortunate to have a CPF system in Singapore.
We should take full advantage of our membership.
If AK can do it, so can you!
Posted earlier today:
Q4 2024 Passive income. Preparatory school for the year 2025.