Wednesday 30 September 2020

CPF Top Up Sep 2020

The CPF rate will be kept at a base rate of 2.5%  till the end of 2021.

In a world hungry for financial returns, that is an extremely attractive deal. With bonus interest rates on the first $60000 and higher rates for Special and Medisave accounts, you don't have to think much if there's spare funds lying around somewhere. Therefore, this motivation allowed me to put $1000 into my Special account. There are not many months left to fill up the gap for maximum income tax relief.

Tip: Old Pulteney 15 years, salty and delicious honeysuckle

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