This attention-grabbing headline appeared on Channel News Asia mimicked what we saw a few months ago. Taking a closer look, the article stated that the interest rate for the CPF Special (CPF-SA) and MediSave Account (CPF-MA) will increase to 4.04% per annum in Q4 of this year, up for only the second time since the floor rate of 4% was established in 2008. I suppose it … [Read more...] about CPF Special and MediSave Accounts Interest Rate Hits 4.04% For Q4
CPF
CPF Special and MediSave Account Interest Experience First Increase Since 2008
Well, it seems like the government unintentionally trolled us big time when this attention-grabbing headline appeared on Channel News Asia and major news outlets. Taking a closer look, the article stated that the interest rate for the CPF Special (CPF-SA) and MediSave Account (CPF-MA) will increase to 4.01% per annum in Q3 of this year, up for the first time since the floor … [Read more...] about CPF Special and MediSave Account Interest Experience First Increase Since 2008
CPF News – $68,500 Basic Healthcare Sum (BHS) For 2023
Basic Healthcare Sum. Or perhaps, you'd still remember it as the CPF Medisave Limit or Medisave Cap Limit. Quite a few years ago, the official term given was actually Medisave Contribution Ceiling (MCC) but on the 1st of January 2016, MCC was renamed as Basic Healthcare Sum. So, despite the name changes, what is it really? Recap - What is the Medisave Minimum Sum? A long … [Read more...] about CPF News – $68,500 Basic Healthcare Sum (BHS) For 2023
CPF News – $198,800 Full Retirement Sum For 2023 (To Be Raised 3.5% Yearly Until 2027)
Well, I wasn't quite expecting this! We have an update for the CPF Full Retirement Sum (FRS) for year 2023, 2024, 2025, 2026 and 2027! As always, the Basic Retirement Sum (BRS), FRS, and Enhanced Retirement Sum (ERS) serve as guideposts in helping us to plan our paths to retirement. More importantly, they will determine how much we get as monthly payouts at our payout … [Read more...] about CPF News – $198,800 Full Retirement Sum For 2023 (To Be Raised 3.5% Yearly Until 2027)
CPF Money That Finally Grew Till 1.3x FRS (2021)
For a little background, this is a series of blog posts I have been writing since 2015 : CPF Money That Keeps Growing And Growing (2015)CPF Money That Keeps Growing (2016)CPF Money That Keeps Growing (2017)CPF Money That Keeps Growing (2018)CPF Money That Grew Till FRS And Lasted 8 Days (2019)CPF Money That Grew Till FRS Again And Lasted 14 Days (2020) There were a couple … [Read more...] about CPF Money That Finally Grew Till 1.3x FRS (2021)