As of April 24, 2022, we have S$840,761.37 in our CPF account.
On track to reach 1M44 as a couple. :)
We had used S$255,647.91 from CPF OA account on housing loan.
We chalked up accrued interest of S$61,085.45.
In other words, we can do Voluntary Housing Refund (VHR) up to S$316,733.36 as of April 22, 2022 as the additional accrued interest will be added each month.
That says, our CPF Regrossed Balances currently: S$1,096,409.28.
1.096M42.
It is pretty easy to project the CPF balances by the end of December 2022.
As all the bonuses had been credited in March 2022, the subsequent monthly contribution will be fixed for the next 8 months, namely :
OA contribution
= ( OA contribution + MA contribution ) x 8 months
as MA contribution will flow to OA account once MA had reached the BHS.
OA = ( S$1,260.3 + S$539.9 ) x 8 = S$14,401.60 that brings the OA balance to S$128,004.79.
With interest, OA account balance shall be close to S$131,204.
SA = S$419.8 x 8 = S$3,358.4 that brings the SA balance to S$236,504.34.
With interest, SA account balance shall be close to S$246,674.
Total CPF balance will be S$446,716.
I probably will do VHR of S$3,284 to make the balance to be S$450,000 for the year 2023.
As for my spouse:
OA = ( S$1,260.3 + S$539.9 ) x 8 = S$14,401.60
Minus S$1,000 x 8 for the private housing loan and that brings the OA balance to S$152,059.32
With interest, OA account balance shall be close to S$155,860.
SA = S$419.8 x 8 = S$3,358.4 that brings the SA balance to be S$236,504.34.
With interest, SA account balance shall be close to S$246,674.
Total CPF balance will be S$471,372.
The combined CPF account balances shall reach S$921,372.
The figures above will be further validated on January 1st, 2023.
Let's see how close it will be.
You can also use the CPF calculator below to project your CPF balances, for example at age 55, 65.
It includes the RA balance and the projected FRS too!
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