How Much A 30-Year Old Will Have In Their CPF Special Account At Age 55 By Maxing Out The RSTU Scheme Every Year
How Much A 30-Year Old Will Have In Their CPF Special Account At Age 55 By Maxing Out The RSTU Scheme Every Year By earning the median wage (with no increments ever) and maxing out the RSTU scheme, we can save over $529,000 by 55 and $893,000 by 65 for retirement in our CPF. January 18, 2021 Through the Retirement Sum Topping Sum (RSTU) Scheme, we are encouraged to top-up beyond our salary contributions to our CPF Special Account (SA), while saving on up to $7,000 in taxes each year. The primary reason is so we bulk up our retirement savings from an early age for the purpose of receiving high...
Source: dollarsandsense.sg