I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday 1 January 2020

My Passive Income From CPF

Passive income!!!

After 39 years of mandatory CPF contributions as full-time employee, 20 years of CPFIS refund and with the power of compounding interests.

Total passive income from CPF (OA, SA, MA, and RA) in 2019 = $37,425 

Withdrew $24K on 5 Dec 19 i.e. 22.5K (OA) + 1.5K (SA)


  1. Congrats uncle! Well done. I aspire to be like you. Mine is $25,664.25 - 10 years younger than u

  2. Congrats Uncle8888 , Yes , power of compounding interest !! Cheers :D

    1. Those who understands the power of compound interests is unlikely to hate CPF scheme. Cheers!

  3. Updated with the table above.

    So far, I can't withdraw interests from MA as it hasn't hit max BHS cap. Next year; probably can withdraw on certain month when BHS hits $60K BHS limit.

    Hasn't reach 65; can't touch RA

  4. This comment has been removed by the author.

  5. If MA hits BHS, can the interest earned in MA be withdrawn?

    1. Yes. On the month when MA is still holding at BHS level. On some other month there may be deduction of premiums for e.g. Medishield then MA will drop below BHS

    2. So when you go to CPFB in Dec, you can ask to withdraw interest earned in OA, SA and MA from Jan to Nov ?

    3. The first two year, I done at the branch to ensure that I understand and clarify the CPF withdrawal formula.

      The last two I did online with PayNow.

      If we know the right amount to withdraw without touching the principal, then we can DIY online, otherwise go to branch to withdraw. The counter staff will calculate the amount to withdraw without touching principal. Staff counter will emphasize ESTIMATE, probably a few times to get the message through it is an ESTIMATE

    4. Uncle, can u share the CPF withdrawal formula please ?

    5. 1. Interest from MA

      It is based on month by month basis whenever that month ending is BHS level, interest can be withdraw. If that month drops below BHS level due to any deduction from MA, there is no interest or pro rated interest s

      2. Interest from SA

      3. Remaining amount from OA

  6. For retiree without mandatory CPF contributions, it is easy to calculate 11 months of interests to be withdrawn on first week of Dec probably after 5 Dec

    SA at Jan x 4% x 11/12 = $X

    OA at Jan x 2.5% x 11/12 = $Y

    You round down to nearest thousands $ X + $ Y = $Z,000

  7. If one don't mind to deplete SA; then can do monthly OA payout

  8. U mean interest in MA can be withdrawn from any particular month if MA reaches BHS..


    1. Yes. That was told by CPF. Next year, I will know since likely this year my CPF MA will reach BHS with voluntary MA contribution as self-employed.

  9. Can CPF OA proceeds from sales of property be partially withdrawn in the same month of OA refund. Do we apply at CPFB for this ?


Related Posts with Thumbnails