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What's my CPF interest?

Happy New Year everyone! How has your new year been?

The year started off really well for me. I watched the breathtaking fireworks at a good location with little people and a spectacular view, managed to hop on the train, found a seat and reached home before 1 am. What a sweet victory!

The rest of the day was spent on catching up sleep, dining with my family and strolling in the park with my parents. It's a warm and blissful day that I can't be more thankful for.

It makes my smile beamed even wider when I checked my CPF account to make sure the top-ups in December were successful (I topped up on 30 Dec after returning from overseas).

I have received a total of $2,379.18 in interest!

It's not a huge amount of money, but it almost reached my first paycheck when I first started working and that's significant to me. To think I would actually receive a paycheck worth of interest!

Anyway, the top-ups were successful, but there was no interest in it because both the interest and transaction were on 31 Dec and apparently the interest came in first. Thankfully, the top-ups still qualify for tax relief, so that's still heartening.

Lesson learnt on not waiting for the last minute to act on the important stuff.

Thanks for reading!

Comments

  1. starmasterJanuary 2, 2020 at 6:04 PM

    Interest is base on the lowest balance amount , if you contribute in november , only in december will that money generate interest

    ReplyDelete
  2. DrewMay 29, 2020 at 9:12 AM

    Not bad for a start and keep it up!

    ReplyDelete

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