<![CDATA[cpf contribution]]>

manorway\" post_id=\"2108609\" time=\"1684046799\" user_id=\"9303:

Anyone topped up children's CPF before?
We prefer to give money to the kids in other ways, and then get them to invest the money instead. For young people, when money goes into the CPF, there is no way to withdraw it in cash for a very long time. While there are ways to use the CPF funds, it does mean less flexibility in using the funds if they are needed for other reasons.

For older people, the length of time any top-ups are tied up is less. And after 55, any sums over the retirement amount can be withdrawn in cash.

]]>https://forum.kiasuparents.com/topic/92296/cpf-contributionRSS for NodeWed, 29 Apr 2026 12:55:56 GMTSun, 14 May 2023 07:52:46 GMT60<![CDATA[Reply to cpf contribution on Sun, 14 May 2023 07:31:50 GMT]]>Had previously contributed to kids’ CPF previously.

]]>https://forum.kiasuparents.com/post/2108617https://forum.kiasuparents.com/post/2108617Sun, 14 May 2023 07:31:50 GMT<![CDATA[Reply to cpf contribution on Sun, 14 May 2023 06:46:39 GMT]]>Anyone topped up children’s CPF before?

]]>https://forum.kiasuparents.com/post/2108609https://forum.kiasuparents.com/post/2108609Sun, 14 May 2023 06:46:39 GMT<![CDATA[Reply to cpf contribution on Sun, 14 May 2023 05:46:22 GMT]]>

starlight1968sg\" post_id=\"2108580\" time=\"1684038902\" user_id=\"14025:

What I earlier meant was for age below 55, my cpf contribution is 20% (?).
When I hit age above 55, my cpf contribution is < 20%. Hence my take home pay will increase and this will incur more income tax ...
But if you haven't exceeded the maximum contribution to CPF, you can do voluntary top-ups up to the max contribution per year (about $37K). Your top ups will not be taxed.

]]>https://forum.kiasuparents.com/post/2108601https://forum.kiasuparents.com/post/2108601Sun, 14 May 2023 05:46:22 GMT<![CDATA[Reply to cpf contribution on Sun, 14 May 2023 05:43:11 GMT]]>

Liew Nga Wing\" post_id=\"2108597\" time=\"1684041177\" user_id=\"195250:[quote=\"Liew Nga Wing\" post_id=2108597 time=1684041177 user_id=195250]
Can we always draw our money out from CPF before we reach age 65?[/quote]
I believe so as long as from 55 years old onwards after setting aside the BRS amount.

]]>https://forum.kiasuparents.com/post/2108599https://forum.kiasuparents.com/post/2108599Sun, 14 May 2023 05:43:11 GMT<![CDATA[Reply to cpf contribution on Sun, 14 May 2023 05:12:57 GMT]]>

lee_yl\" post_id=\"2108593\" time=\"1684040266\" user_id=\"17023:

Just put back to your CPF (if not hit ERS ceiling yet), then draw out from CPF. Money drawn out from CPF is not taxable.
Can we always draw our money out from CPF before we reach age 65?

]]>https://forum.kiasuparents.com/post/2108597https://forum.kiasuparents.com/post/2108597Sun, 14 May 2023 05:12:57 GMT<![CDATA[Reply to cpf contribution on Sun, 14 May 2023 05:01:02 GMT]]>

lee_yl\" post_id=\"2108593\" time=\"1684040266\" user_id=\"17023:

Just put back to your CPF (if not hit ERS ceiling yet), then draw out from CPF. Money drawn out from CPF is not taxable.
Maybe I can explore by contributing back to cpf with the extra I received in my take home pay. I don't know if this is possible

]]>https://forum.kiasuparents.com/post/2108595https://forum.kiasuparents.com/post/2108595Sun, 14 May 2023 05:01:02 GMT<![CDATA[Reply to cpf contribution on Sun, 14 May 2023 04:57:46 GMT]]>

starlight1968sg\" post_id=\"2108580\" time=\"1684038902\" user_id=\"14025:

What I earlier meant was for age below 5, my cpf contribution is 20% (?).
When I hit age above 55, my cpf contribution is < 20%. Hence my take home pay will increase and this will incur more income tax ...
Just put back to your CPF (if not hit ERS ceiling yet), then draw out from CPF. Money drawn out from CPF is not taxable.

]]>https://forum.kiasuparents.com/post/2108593https://forum.kiasuparents.com/post/2108593Sun, 14 May 2023 04:57:46 GMT<![CDATA[Reply to cpf contribution on Sun, 14 May 2023 04:51:03 GMT]]>That’s what I guess… it reduction in statutory cpf contribution as we age.

]]>https://forum.kiasuparents.com/post/2108588https://forum.kiasuparents.com/post/2108588Sun, 14 May 2023 04:51:03 GMT<![CDATA[Reply to cpf contribution on Sun, 14 May 2023 04:35:02 GMT]]>What I earlier meant was for age below 55, my cpf contribution is 20% (?).

When I hit age above 55, my cpf contribution is < 20%. Hence my take home pay will increase and this will incur more income tax …

]]>https://forum.kiasuparents.com/post/2108580https://forum.kiasuparents.com/post/2108580Sun, 14 May 2023 04:35:02 GMT<![CDATA[Reply to cpf contribution on Sun, 14 May 2023 03:59:40 GMT]]>

Estéema\" post_id=\"2108428\" time=\"1683875129\" user_id=\"66413:

Further, once the money leaves CPF into yr hands, it’ll be taxed.
Could you explain this? Why would cpf payout be taxable?

]]>https://forum.kiasuparents.com/post/2108572https://forum.kiasuparents.com/post/2108572Sun, 14 May 2023 03:59:40 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 23:52:12 GMT]]>

starlight1968sg\" post_id=\"2108365\" time=\"1683856828\" user_id=\"14025:

Back to original contribution, pls.

A point to note is when we get older, the amt of cpf contribution reduces ie take home pay gets more. This is no gd to me bec I would hv lesser cpf $$ and hence lesser \"coffin\" $$, more take home pay means pay more tax.
You can join SRS scheme to gain the tax benefit.
https://www.mof.gov.sg/schemes/individuals/supplementary-retirement-scheme#:~:text=The%20SRS%20complements%20the%20Central,cap)%20at%20their%20own%20discretion.

]]>https://forum.kiasuparents.com/post/2108470https://forum.kiasuparents.com/post/2108470Fri, 12 May 2023 23:52:12 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 23:03:19 GMT]]>

slmkhoo\" post_id=\"2108426\" time=\"1683874702\" user_id=\"28674:

Don't understand your comment. We don't pay tax on money that goes into CPF, but if it stays in your bank account, it counts as income and can be taxed.
.. situation maybe that. the CPF contribution is lower therefore the relief is lower and tax amt is higher. So I was referring to the tax saved on the difference may not be that high.. but can be high high also la due to tax bracket of the taxpayer..

]]>https://forum.kiasuparents.com/post/2108468https://forum.kiasuparents.com/post/2108468Fri, 12 May 2023 23:03:19 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 23:03:18 GMT]]>

slmkhoo\" post_id=\"2108426\" time=\"1683874702\" user_id=\"28674:

Don't understand your comment. We don't pay tax on money that goes into CPF, but if it stays in your bank account, it counts as income and can be taxed.
.. situation maybe that. the CPF contribution is lower therefore the relief is lower and tax amt is higher. So I was referring to the tax saved on the difference may not be that high.. but can be high high also la due to tax bracket of the taxpayer..

]]>https://forum.kiasuparents.com/post/2108467https://forum.kiasuparents.com/post/2108467Fri, 12 May 2023 23:03:18 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 07:11:49 GMT]]>

starlight1968sg\" post_id=\"2108389\" time=\"1683862239\" user_id=\"14025:

Heh, slmkhoo, you have much freedom than me 😂
It's a tradeoff - I chose the freelance route because I felt my older girl needed me to have the flexibility to be around to support her. And when she graduated and started work, I was nearly 58 - too old to seriously think about working full-time. No-one would take me on, and I don't want to anyway. Fortunately, I work mostly for my own satisfaction, and I enjoy what I do. (And I know that if I don't work, the expectations of standards for housework and cooking will be higher, and I'm avoiding that!)

]]>https://forum.kiasuparents.com/post/2108431https://forum.kiasuparents.com/post/2108431Fri, 12 May 2023 07:11:49 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 07:05:29 GMT]]>

slmkhoo\" post_id=\"2108426\" time=\"1683874702\" user_id=\"28674:

Don't understand your comment. We don't pay tax on money that goes into CPF, but if it stays in your bank account, it counts as income and can be taxed.
Further, once the money leaves CPF into yr hands, it’ll be taxed.

]]>https://forum.kiasuparents.com/post/2108428https://forum.kiasuparents.com/post/2108428Fri, 12 May 2023 07:05:29 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 06:58:22 GMT]]>

MrsKiasu\" post_id=\"2108388\" time=\"1683861776\" user_id=\"43981:

Not sure how much is the tax savings..I just guess it is abt reduction in CPF contribution, and the tax saved on it?
Don't understand your comment. We don't pay tax on money that goes into CPF, but if it stays in your bank account, it counts as income and can be taxed.

]]>https://forum.kiasuparents.com/post/2108426https://forum.kiasuparents.com/post/2108426Fri, 12 May 2023 06:58:22 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 03:30:39 GMT]]>

slmkhoo\" post_id=\"2108386\" time=\"1683861336\" user_id=\"28674:

But star wants to avoid paying tax! Spending on herself means that she will still have to pay the tax on income. That's the difference between being in salaried full-time work and volunteer/PT work - I haven't paid tax for many, many years. But, of course, you can imagine what my income has been like.

This morning, I saw the announcement of the handouts coming up - I will get the most in my family! The other 3 all earned above $34K.
Heh, slmkhoo, you have much freedom than me 😂

]]>https://forum.kiasuparents.com/post/2108389https://forum.kiasuparents.com/post/2108389Fri, 12 May 2023 03:30:39 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 03:22:56 GMT]]>Not sure how much is the tax savings…I just guess it is abt reduction in CPF contribution, and the tax saved on it?

]]>https://forum.kiasuparents.com/post/2108388https://forum.kiasuparents.com/post/2108388Fri, 12 May 2023 03:22:56 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 03:15:36 GMT]]>

MrsKiasu\" post_id=\"2108378\" time=\"1683860054\" user_id=\"43981:

Aiya star, you go enjoy your fruits of labour la :spank: ..dd big already!
But star wants to avoid paying tax! Spending on herself means that she will still have to pay the tax on income. That's the difference between being in salaried full-time work and volunteer/PT work - I haven't paid tax for many, many years. But, of course, you can imagine what my income has been like.

This morning, I saw the announcement of the handouts coming up - I will get the most in my family! The other 3 all earned above $34K.

]]>https://forum.kiasuparents.com/post/2108386https://forum.kiasuparents.com/post/2108386Fri, 12 May 2023 03:15:36 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 02:54:14 GMT]]>

starlight1968sg\" post_id=\"2108365\" time=\"1683856828\" user_id=\"14025:

Back to original contribution, pls.

A point to note is when we get older, the amt of cpf contribution reduces ie take home pay gets more. This is no gd to me bec I would hv lesser cpf $$ and hence lesser \"coffin\" $$, more take home pay means pay more tax.
Aiya star, you go enjoy your fruits of labour la :spank: ..dd big already!

]]>https://forum.kiasuparents.com/post/2108378https://forum.kiasuparents.com/post/2108378Fri, 12 May 2023 02:54:14 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 02:50:27 GMT]]>

MyPillow\" post_id=\"2108267\" time=\"1683791632\" user_id=\"70594:

U can start some where near by if u do not have many days . I traveled with my parents when kids were younger n easy slow pace .
China , Taiwan we went Grp tour n engaged driver for Taiwan , very so able . Try it 🙂
Only went Beijing b4 kids came..sad hor. Yea with tour guide is very convenient.

Forgotten liao.有啦有啦。。brought mom stayed overseas for a period 。。don't feel too bad now

]]>https://forum.kiasuparents.com/post/2108376https://forum.kiasuparents.com/post/2108376Fri, 12 May 2023 02:50:27 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 02:06:04 GMT]]>

starlight1968sg\" post_id=\"2108365\" time=\"1683856828\" user_id=\"14025:

Back to original contribution, pls.

A point to note is when we get older, the amt of cpf contribution reduces ie take home pay gets more. This is no gd to me bec I would hv lesser cpf $$ and hence lesser \"coffin\" $$, more take home pay means pay more tax.
Unless you have hit your ceiling of cpf contributions, I think you can voluntarily put in more? If you can't, then invest in other low-risk things which give you decent returns?

]]>https://forum.kiasuparents.com/post/2108367https://forum.kiasuparents.com/post/2108367Fri, 12 May 2023 02:06:04 GMT<![CDATA[Reply to cpf contribution on Fri, 12 May 2023 02:00:28 GMT]]>Back to original contribution, pls.


A point to note is when we get older, the amt of cpf contribution reduces ie take home pay gets more. This is no gd to me bec I would hv lesser cpf $$ and hence lesser "coffin" $$, more take home pay means pay more tax.

]]>https://forum.kiasuparents.com/post/2108365https://forum.kiasuparents.com/post/2108365Fri, 12 May 2023 02:00:28 GMT