CPF Ultimate Guide: Special Account (CPF SA)

Sponsor: 🐂 Webull Singapore https://hmsg.link/sgwebull
_________________________________
📈 Click https://hmsg.link/ibkr to see my preferred broker 💹 Interactive Brokers
🌟 My referral codes: https://t.me/sgpromocode
📙 Advanced Credit Card Mastery Course: https://hmsg.link/accm
☕️ Buy my Spreadsheets at Ko-Fi: https://hmsg.link/shop
🔭 Telegram Group: https://t.me/HoneyMoneySG
📷 Instagram @HoneyMoneySG   / honeymoneysg  
🎵 TikTok   / honeymoneysg  
📧 Email (Business only): [email protected]
🕸️ My Website: https://www.honeymoneysg.com

🏦 CREDIT CARDS 💳 🔗 https://hmsg.link/creditcard

📈 INVESTING & TRADING PLATFORMS 📈 🔗 https://hmsg.link/investing

💳 MULTI-CURRENCY CARD/WALLET 👛 🔗 https://hmsg.link/multi

💰 PAYMENT APPS 💰 🔗 https://hmsg.link/pay

🏦 FINANCIAL APPS 🏦 🔗 https://hmsg.link/finance

💼 BUSINESS 💼 🔗 https://hmsg.link/business

✈️ TRAVEL ✈️ 🔗 https://hmsg.link/travel

🛡️ Travel Insurance offers 🛡️ 🔗 https://hmsg.link/travelinsurance

🛍 LIFESTYLE 🛍 🔗 https://hmsg.link/lifestyle

👨🏻‍💻 PROFESSIONAL SERVICES 👨🏻‍💻 🔗 https://hmsg.link/services

🎥 FILMING & SOFTWARE 🎥 🔗 https://hmsg.link/film

Disclaimer: The information provided in any affiliate referral or recommendation should not be considered as financial advice. The content is for general information purposes only and does not take into account your personal financial situation, goals or objectives. You should always do your own research and seek professional advice before making any financial decisions. We may receive compensation for affiliate referrals, but this does not influence our recommendations or reviews.
_________________________________

CPF Ultimate Guide: Special Account (CPF SA)
Welcome to the 3-part CPF series! This episode focuses on the Special Account (SA), covering its features, strategies, and updates.

1. About the Special Account
Dedicated to long-term retirement savings. Limited usage.
Interest rate:
12-month average yield of 10-year Singapore Government Securities (10YSGS) + 1%.
Minimum 4% p.a. (Upsized to 4.14% p.a. from Oct-Dec 2024).
Additional interest: 1%-2% on balances below $60,000.
Allocation for those aged 35 & below:
6% of CPF contribution. E.g., $3000 salary = $180 to SA.
Read more on IG post:   / cpemp4crqb_  
Details: https://www.cpf.gov.sg/member/growing...

2. Investment Options
Balances above $40,000 can be invested via CPFIS.
Ensure returns exceed SA’s maximum interest (5% p.a.).
More info: https://www.cpf.gov.sg/member/growing...

3. Full Retirement Sum (FRS)
FRS represents how much one needs for retirement.
Confirmed until 2027: $228,200.
Details: https://www.cpf.gov.sg/member/infohub...

4. How to Increase SA (Supercharge to FRS)
RSTU Top-up: Up to $8,000/year for tax relief.
OA-to-SA Transfer: Build SA faster, but irreversible.
VCMA Contributions: Boost SA after reaching the Basic Healthcare Sum (BHS).

2025: Special Account Closure
SA closes for members aged 55+. Balances transferred to Retirement Account (RA) and Ordinary Account (OA).
CPF SA Shielding will no longer apply.
Details: https://www.cpf.gov.sg/member/infohub...

FAQs on CPF SA:
Contributions above FRS? Go to SA.
Can I RSTU after hitting FRS? No.
Contributions when SA and MA caps are hit? MA flows to OA.

#Sponsoredby #Webull