As announced in Budget 2024, senior workers’ savings in SA are going to be moved to their Retirement Account (RA) up to a maximum of the Full Retirement Account (FRS) for their cohort, with leftovers being moved to their Ordinary Account (OA). ...
Once your RA is formed, the RSTU switches to RA and the limit is extended to ERS, which you can also do immediately in cash if you don’t care about the tax relief. Some parents are even topping up their child’s CPF to the FRS maximum because the rates are so good. However despit...
As announced in Budget 2024, senior workers’ savings in SA are going to be moved to their Retirement Account (RA) up to a maximum of the Full Retirement Account (FRS) for their cohort, with leftovers being moved to their Ordinary Account (OA). ...
As announced in Budget 2024, senior workers’ savings in SA are going to be moved to their Retirement Account (RA) up to a maximum of the Full Retirement Account (FRS) for their cohort, with leftovers being moved to their Ordinary Account (OA). ...