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Mar 12, 2024 · 3,095. Mar 12, 2024. #17. No brainer given that bank interest rate is higher than CPF OA…. Take $60k transfer to SA, then $100k pay off bank loan also not bad idea. camholicx said: or should I slowly continue the bak loan for another 10yrs. UOB bank Loan outstanding: $260k (22 yrs) Interst rate: 3.30% OA: $160k.
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 automatic transfers .
May 19, 2010 · 0. May 26, 2010. #18. HI Joseph, if u have existing positions in your CPF investment account, the transfer will incur some charges, however if there are no holdings, then i think just fill up the form and there wont be any charges. Close and open way to hassle la, just ask them for a transfer form.
Nov 8, 2023 · SINGAPORE: Parliament on Monday (Nov 6) passed a Bill to close the Central Provident Fund (CPF) accounts of around 300,000 foreigners from April next year, and allow nominees to access CPF information of deceased members more easily.
Jun 29, 2023 · my dad asked me to help with logging in to cpf viasingpass last night. log in was via desktop but was prompted to do face verification kns. i'm guessing 9 out of 10 old folks donno how to log in thru that face verification thing. this needs to be ironed out.
Jun 29, 2023 · Of these, eight cases involved CPF savings, with losses of S$124,000. "As a further precaution, CPF Board and GovTech had urgently introduced the Singpass Face Verification during the login to protect vulnerable CPF members who access CPF e-services," the agencies said in a statement.
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Aug 10, 2022. #26. 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%.
Reaction score. 2,568. Jan 7, 2023. #187. dork32 said: the rates in oct is 3.7%. yes rates has been rising since. it seems that the people that put in in oct is damn stupid. sorry these people doing much better that your mr fantastic. taking a breakeven of 2.9% for oa. mr fantastic needs an interest of 4.6% the next round to outdo the people ...
Sep 20, 2024 · “This extension of the floor rate will continue to provide CPF members with certainty on the returns of their CPF savings amidst the volatile interest rate environment,” the CPF Board and HDB said. The interest rate for these accounts is pegged to the average yield of 10-year Singapore Government Securities plus 1 per cent.
