I hit CPF Full Retirement Sum again in 2023

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For MA Interest
- Because my MA was already maxed at 2022 BHS @ $66,000, and also FRS in SA, MA interest will flow to OA
- If your SA is not at FRS yet, while you already have BHS, the MA interest will flow to SA, just like normal employment contributions
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For SA interest
- Credited to SA, despite it being FRS
- Cannot do Retirement Sum Top-Up anymore, so no more tax relief opportunity with SA
- 2023 Full Retirement Sum (FRS) is now $198,800 (+$6,800)
- SA interest coupled with employment SA contributions more than covered the FRS increase
- Even without employment contributions will have hit anyway, power of early FRS
2023 CPF Strategy walkthrough
- VCMA $2500 to BHS $68,500
Conclusion
- CPF forms a retirement safety net, so you can explore other riskier activities like investments or business
- Important for Ikigai or Financial Independence Retire Early as well
- 1 year anniversary since hitting Full Retirement Sum at 30 last year
- How much do you have in CPF balances
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