Search results
Nov 8, 2020 · For those who are looking to use their CPF for education or housing, there is no reason to invest one's CPF. Using CPF OA for education allows one to borrow from themselves at a 2.5% interest rate, can be paid back over 12 years, with a minimum monthly installment rate of $100 and can be fully waived upon reaching 55 and reaching the FRS
The strategy is to top up SA via cash and cpf OA until it quickly hits FRS. When u hit FRS, the cpf contribution amount into SA is low ($500 or so a month). The rest will flow into OA. This is a cheat code because when you pump MA and SA max first, the interest rolls very fast because it is 4-6%. Subsequently the excess will flow nicely into OA.
Aug 1, 2023 · I wrote to Then via CPF website and got a reply, which sounded like a standard reply saying that they are experiencing an unusual amount of requests and re processing my request. That is all this is surprising considering it is Singapore we are talking about. I was expecting them to be more efficient than this.
Jul 1, 2023 · CPF is good because its defined contribution meaning you get as much as you put in. If you have a mortgage / own a home, you effectively get majority access to the cash flows. CPF does not help those who are savvy and conservative enough but it is a crucial crutch for the gullible, non financially savvy masses (see all the scams going around).
CPF life monthly payout is deduct from your own RA account money. This amount can last for 20 years. Just wonder at 65 years old and started CPF life monthly payment. Do RA account still have yearly interest? Example: if you have $200K in RA .Interest about $10K a years?
Nov 1, 2021 · SINGAPORE - Various rules around the Central Provident Fund (CPF) will be streamlined to make it easier for people to receive their retirement payouts and build their nest egg, under proposed changes to the CPF Act debated in Parliament on Monday (Nov 1). They are: 1. Retirement Sum Scheme...
May 19, 2010 · any trading & subsequent cashflow involving CPF monies, will always stay in your CPF; ie. all your corporate actions such as bonus/rights issue, dividend will all go back into your CPF, there's no real way to 'siphon' out your cash. and lastly, to buy/sell using CPF funds, please select the indicative box in your respective internet platforms.
But please DON'T increase the minimum age to receive CPF life payout(65) or the ability to withdraw from CPF (55) I'm gonna make a wild prediction that the earliest age for CPF life payout may increase along with the retirement age in the future, which will cement the ideas of "Can't withdraw from CPF" and "money locked inside CPF".
SINGAPORE — Removing the Central Provident Fund (CPF) Special Account for those aged 55 and above will "tidy up" the system and also shut down a little-used "shielding" hack that allowed some CPF members to earn a higher interest, financial experts said.
(B) CPF - I know being a West Malaysian, I cannot withdraw CPF monies until age 50 (if I do not work in SG from 48-50) My questions are: (i) if my PR is not terminated as (A), then I am fine to let it grow as it is till age 50. But if PR will be terminated in (A), I wonder what will happen to my CPF
