Guide
Want to know how many surprises you will have with your CPF interest amount? You may wish to continue reading to understand the relationship between the account balance and the amount of interest, as well as how to inquire about it!
The amount of CPF interest may come as a surprise to some people, as the amount of interest may be much higher than expected.
The amount of CPF interest includes the interest on the balance carried forward from the previous year and the interest on the balance from July 1 of the current year to the date of interest settlement.
CPF interest is a tax-free way to increase the value of your CPF account.
Next, let's talk about the issue of CPF interest.
The CPF interest is proportional to the account balance
The amount of CPF interest is directly proportional to the account balance, so for people with an account balance of 400,000+, how much can they get?
According to the latest regulations, the amount of interest that people with an account balance of 400,000+ can get is 6,732 yuan.
If the personal account balance is less than 1,000 yuan, then the amount of interest they can get is 60 yuan.
From this rule, we can conclude that people with a higher balance will get a higher amount of interest.
Therefore, the CPF account is also an invisible wealth, even if you don't care much about it in normal times, but it can play an important role in an emergency.
And as the years increase, the amount of interest will increase.
Query the channel
Through the above rules, I believe you have a rough estimate of how much interest you can get.
So how do you check how much interest you can get?
We can inquire through Alipay, the specific operation is: open the Alipay APP - click "City Services" - search for "Provident Fund" - click "Query" - fill in the relevant information according to the prompts.
In addition, you can also inquire through the WeChat public account, the specific operation is: open WeChat - click "+" - search for "provident fund" - select "query provident fund" - fill in the relevant information according to the prompts.
Of course, you can also go directly to the platform designated by the local authority to inquire, the specific operation is: log in to the relevant platform - fill in the relevant information according to the prompts.
epilogue
CPF interest is really something to look forward to, after all, unexpected surprises always make people happy. The higher the account balance, the more considerable the amount of interest, isn't it a little exciting? Check it out, there might be a windfall waiting for you!