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CPF interest received in 2018

When I checked my CPF accounts today, I'm glad that I received a total of $7,445.60 interest from my Ordinary, Special and Medisave accounts. 

My Ordinary Account (OA) balance is currently sufficient to cover nine months of my apartment's mortgage instalments. In the event that there is disruption to my monthly cash flow, this would be a source of emergency funding to help me with my mortgage payments. This gives me a little peace of mind.

The new Full Retirement Sum (FRS) is $176,000. After having received the CPF interest earned in 2018, my Special Account (SA) balance is now slightly above the new FRS. Seeing this pool of money grows makes me feel less anxious about my post-retirement financial needs. 

As the interest earned from my Medisave Account (MA) is credited to my OA (because my MA has reached the Basic Healthcare Sum [BHS]), there is no injection into my MA and it is currently at $54,500. The new BHS is set at $57,200. Hope my MA reaches the new BHS soon through my job's monthly contribution.    

Looking forward to a better year ahead!

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