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CPF contribution allocation calculator. Additional Wage ceiling calculator. Show all. Calculators to help you with retirement, housing, healthcare and other CPF-related matters.
Aug 11, 2023 · Your CPF savings also lets you enjoy the power of compound interest. By earning up to 6% p.a. ( if you are above age 55) or 5% p.a. (if you are below age 55)*, your CPF savings can multiply over time and provide support for your housing, healthcare, and retirement requirements.
Jul 1, 2024 · CPF interest rates. (1 July 2024 to 30 September 2024) Overview. Interest on your CPF savings. To help boost retirement savings, the Government pays extra interest on the first $60,000 of your combined balances, which is capped at $20,000 for Ordinary Account (OA).
Feb 13, 2021 · Use this compound interest rate calculator to marvel at the power of compounding. ( Caution: as computing these figures can be complicated depending on what functions you use, results should only be taken as estimates.
Jun 14, 2021 · You can also check out the CPF Withdrawals Limits Calculator to understand how much CPF funds you can use to pay for your home as well as the Total Interest Calculator to estimate the total interest you will eventually pay on your home loan.
Jun 17, 2024 · Over three to four decades in the workforce, our CPF balances can compound to a substantial amount – and provide lifelong income in our senior years via CPF LIFE payouts. When we are younger, more funds are channelled into our Ordinary Account (OA).
Jan 1, 2024 · According to the CPF website, CPF interest is credited to our accounts by 1 January of the following year and compounded annually. For example, for my 2023 CPF interest, I was credited with the interest on 31 December 2023. How Our CPF Balance Are Calculated. While interest is paid once a year during year-end, our CPF interest is ...
