2025 - CPF interest of $13k in
My favourite activity for each start of the year is checking my CPF interest.
And on 1 Jan 2025, I've received the following interest:
2025 will also mark the year where I reach FRS of $213,000. This will mean limited tax relief, unless I've deductions from Medisave that can allow $8k top-up.
It will also be the year where I receive my CPF OA used for housing, upon the sale of my flat. That said, the amount will likely channel out to my new home (which I'm still hunting for).
Overall, I know 2025 is going to be eventful. It is definite that I will get a new home under my name. While cashflow is tight, I'm proud that I am able to scrap through owning a >1m property by my own. Though, servicing another one under my hubby's name will be a headache.
Anyway, we will get there.
Things are looking rosy and 2025 will be a great year for me!
Congrats on reaching FRS soon in this year, a milestone for such a young individual :) Aiming for ERS then...? hahhaha
ReplyDeleteCan take the chance to do a 1-time top-up to Medisave in Jan'25 due to the increased sum/limit. All the best to you and your family & friends as well as all readers, and may everyone be blessed with a rosy 2025 with abundance of wealth and good health, take care and huat ah!
A rosy upcoming year indeed, what an APT word....hahahha!
P.S. think another commenter indicated perhaps you can include property in your net worth review, will be apt since you will have been paying off your housing loan with cash/CPF and should hence be included in your net worth as a asset and liability (outstanding loan), just something to consider, cheers! =)