I also Found the Magic Number for CPF Contributions

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Previous video magic number on CPF balances did well, because too many numbers make CPF complicated
- Shortcut for people to just find the right number
- This time focus on how much to contribute, whether mandatory or voluntarily

- $8000 VCMA/RSTU for Tax Relief, but do VCMA first
- $6000 Monthly Salary cap for Employee/Employer CPF ($1200 Employee 20%, $1020 Employee 17%)
- $37,740 Annual CPF Contribution Limit for Employees
- based on $102,000 Ordinary Wages + Additional Wages (E.g. 12 months of $6000 OW, 5 months bonus $30,000 AW
- OW = Regular monthly salary (Fixed)
- AW = Annual Bonus, Annual Wage Supplement
Examples: https://www.cpf.gov.sg/employer/emplo...

- VC3A $37,740 For Self Employed persons
- Based on Net Trade Income (Revenue less Business Expenses)
- No OW/AW differentiation
- Eligible for Tax relief up to 37% of NTI

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