Woo Hoo!! Our CPF balance shot through S$1 million milestone for the first time on January 1st, 2024.
S$1,012,790.70
It does not reflect the true amount at CPF dashboard because we have CPF OA monies in T-bills, enjoying 3.95% P.A., total amount invested in T-bills are S$142,161.40 + S$156,850.70 = S$299,012.10. This amount is not shown in the CPF balance.
One T-bill will be matured on January 24, 2024 and two T-bills will be matured on April 30, 2024.
By then, we will receive total amount of S$305,000.
Total interest to be received S$5,987.90.
We have used CPF OA monies of S$100,349.25 + S$172,246.25 = S$272,595.50 for housing loans.
We top up our MA accounts every single year on January 1st to reach the new BHS figure, for the tax relief purpose.
BHS for year 2024 is S$71,500.
We continue to advocate CPF top up to child's CPF SA account and self 's MA account.
It's great to see the compound interest effect at almost risk-free CPF account.
The national benchmarking:
The latest data (as of 31 December 2023) will only be published by CPF in July 2024.
