However, voluntary contributions can also be made to individual CPF accounts. The voluntary contributions will be distributed and credited to the MediSave, Special and Ordinary accounts based on the allocation rates expressed on the CPF website. CPF’s contribution rates are the percentage of wages...
are met through insurance schemes which cover individuals and benefit their dependents.The government.Subsidies and public assistance are given to the truly needy.The CPF, which is involved in the first three of these four layers, thus enables both members and their families to be self-reliant.
The process is pretty much self-explanatory after that The InvestQuest View:As a young adult, voluntary cash top ups to the MA are what I would prioritize, as the MA balance can be used more flexibly as compared to SA. Step 2: Voluntary Special Account (SA) Top Up What is the CPF ...
You can only top up via voluntary contributions as an EE to a total of 37740. However your bonuses are not considered ordinary wages and are liable for both EE and ER CPF at the prevailing rate for your age group. You either need to be self employed to beat this cap or come to an ...