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You need to include the interest gain of 4% from age 30-55 for the RSTU amount .. and if u use OA to buy tbills assuming tbill is 3+% after 55. The net gain from RSTU is probably more than SA shielding
Actually can top-up MA to enjoy tax relief and then when u reach BHS, it will overflow to SA and I think those that overflow to SA will not be reserved.
For cash top-ups to MediSave Account, the amount is subject to your BHS. Once your BHS has been reached, no further top-ups can be made to your MediSave Account. If you exceed your BHS from the top-up, your top-up will be fully refunded to you. found the answer
Hi Chris, thanks for the insightful sharing. Learnt something new. I went back to check out the video on supercharged OA as well. Hope you can do a video on CPF Life and how/if the supercharged OA can help. Thanks.
How come your SA balance is the same in both cases? If you did $8k RSTU for 15 years, shouldn't the SA have extra $120k (+interest)? In both cases, you're only shielding you mandatory contribution portion, so in the end your SA balance after forming RA would be the same isn't it?
Hello Chris! Thanks for the informative video. What if I don’t do any RSTU, the reserve amount will still be at the default 40K? From my understanding, I can only invest any amount above 40K in my SA.
Hello Chris, let's say when we achieved BHS and also the 40k reserved amount in SA. Will you recommend continuing to perform RSTU or just topping up in SRS for tax relief purposes?
Question: In my account statement, the "Amount available from Special Account for professionally managed products" is the amount that I can use for SA shielding? Thanks.
Hi Chris, 2 questions if u can assist me ? How about topping up cash to the full retirement sum and also self employed scheme? Are they subject to also same as RSTU not able to invest out?
1) Topping up cash through RSTU is still reserved. VCMA is not reserved 2) Self employed contributions (Mandatory MA and VC3A) are not reserved. Bottom line only RSTU-SA and funds transferred from spouse are reserved.
It is considered reserved. I first did a small amount of OA transfer to my wife last year then I discovered that amount will be reserved. In the end, I transferred the max amount which will generate interest to get close to $40k.
@@HoneyMoneySG is that really accurate? I've only topped up 7k cash to SA so far, but I've transferred 60k+ from OA to SA, and now I am seeing 70k+ reserved in my SA for my RA when I turn 55..
@@HoneyMoneySG thanks so much for your response Chris! I think I know the reason now, because my OA to SA transfer was done from my spouse's OA to my SA. that's counted the same way as RSTU it seems, if it's from my personal OA to my own SA, it won't affect the reserved amount like you said..
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You need to include the interest gain of 4% from age 30-55 for the RSTU amount .. and if u use OA to buy tbills assuming tbill is 3+% after 55. The net gain from RSTU is probably more than SA shielding
Actually can top-up MA to enjoy tax relief and then when u reach BHS, it will overflow to SA and I think those that overflow to SA will not be reserved.
Correct, I support VCMA first.
@@HoneyMoneySG does this mean even though reached BHS, can keeping VCMA-ing so that the excess flows into SA and they will not be reserved?
For cash top-ups to MediSave Account, the amount is subject to your BHS. Once your BHS has been reached, no further top-ups can be made to your MediSave Account. If you exceed your BHS from the top-up, your top-up will be fully refunded to you.
found the answer
Hi Chris, thanks for the insightful sharing. Learnt something new.
I went back to check out the video on supercharged OA as well.
Hope you can do a video on CPF Life and how/if the supercharged OA can help. Thanks.
No harm to put the tax savings into ETF and see how it goes
So your idea is to RSTU 15k into SA before 30 years old and then VCMA to get a supercharged SA and then do a OA to SA transfer to hit the FRS ?
Also ok, or just do VCMA till BHS first then consider RSTU according to the compounded $40K reserved amount at 55
If I have 500,000 from RSTU + interest by the age of 55. Can I withdraw anything in excess of FRS when these amount is transferred to RA?
Yes
How come your SA balance is the same in both cases? If you did $8k RSTU for 15 years, shouldn't the SA have extra $120k (+interest)? In both cases, you're only shielding you mandatory contribution portion, so in the end your SA balance after forming RA would be the same isn't it?
Because it is meant to compare OA-SA transfer (which can fill up the additional $120K) vs RSTU-SA. With unreserved OA-SA funds, more can be shielded.
Hi sorry im a bit lost. 5:25 where did this number of "15 years" of rstu come from?
In future, maybe CPF shielding loophole might be closed
Yes, maybe. Perhaps CPF Board knew about this loophole, hence, they try to plug it with the RSTU "reserved funds" policy 🤷♂
Hello Chris! Thanks for the informative video. What if I don’t do any RSTU, the reserve amount will still be at the default 40K? From my understanding, I can only invest any amount above 40K in my SA.
Yes correct, $40K is the minimum
Hello Chris, let's say when we achieved BHS and also the 40k reserved amount in SA. Will you recommend continuing to perform RSTU or just topping up in SRS for tax relief purposes?
I did RSTU first before SRS
Question: In my account statement, the "Amount available from Special Account for professionally managed products" is the amount that I can use for SA shielding? Thanks.
Correct
Hi Chris, 2 questions if u can assist me ? How about topping up cash to the full retirement sum and also self employed scheme? Are they subject to also same as RSTU not able to invest out?
1) Topping up cash through RSTU is still reserved. VCMA is not reserved
2) Self employed contributions (Mandatory MA and VC3A) are not reserved.
Bottom line only RSTU-SA and funds transferred from spouse are reserved.
@@HoneyMoneySG Tq so much. Learn a lot from u and appreciate u a lot. Jiayou
Good info Chris .. If I transfer to spouse from OA to SA.. is this considered reserved amount too?
It is considered reserved. I first did a small amount of OA transfer to my wife last year then I discovered that amount will be reserved. In the end, I transferred the max amount which will generate interest to get close to $40k.
@@PostPunjAhlong Thanks for sharing! Now I know OA-SA Spouse transfer is also reserved.
No idea what you are talking about... would be good if you explain what is CPF Shielding too
I specifically directed viewers to my CPF Shielding video at the end
th-cam.com/video/n9KUNDCpjtQ/w-d-xo.html
Thanks for the video Chris. To confirm, transferring OA to Sa does not go into the reserve? This only affects for cash top up to SA correct?
That is correct
@@HoneyMoneySG is that really accurate? I've only topped up 7k cash to SA so far, but I've transferred 60k+ from OA to SA, and now I am seeing 70k+ reserved in my SA for my RA when I turn 55..
@@feliciacao I have transferred over $80K OA-SA and my reserved amount is currently $45K.
@@HoneyMoneySG thanks so much for your response Chris! I think I know the reason now, because my OA to SA transfer was done from my spouse's OA to my SA. that's counted the same way as RSTU it seems, if it's from my personal OA to my own SA, it won't affect the reserved amount like you said..
@@feliciacao Thanks for sharing! Now I know OA-SA Spouse transfer is also reserved.
Hi Chris, I am 40. My VCMA has just reached BHS recently. So should I continue RSTU to SA till FRS?
It's totally up to you. I would reverse calculate how much is $40,000 at age 55 worth in today dollars, then RSTU the said amount.
Does the reserved amount in the SA form part of the FRS or BRS to be transferred to retirement account at age 55?
Yes, it is meant to be reserved for RA formation.
Is there a way to check the total amount of rstu one has done so far?
Login to CPF website (not app), under your 3 account balances, you can view your reserved amounts
I think the recommended approach in order of priority should be: VCMA then VC3A.
VCMA is great, VC3A not so much
th-cam.com/video/xPNokZ8e1Jg/w-d-xo.html
Does amount transfer from my own oa to sa being reserved too?
no
First time watching. So many short form terms i get confused.
Need to go understand first
Well informed! Gam xia
What is $8000 saving a year. Peanut. You should target making $8000 per month if not per week
You are absolutely right, so how much do you make?
i catch no ball. U need to talk slower. Some illustration would help
Git gud
So moomoo better or webull better?
If you have to ask, then get both for the rewards
@@HoneyMoneySG user-friendliness which one better ?