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Jul 18, 2022 · From 1 August 2022, CPF Board will send SMSes using only the sender ID “CPF Board” on matters pertaining to their CPF, Workfare and Silver Support. We will stop using sender IDs “SG-Workfare” and “SG-SSS”. To prevent scammers from impersonating the CPF Board by sending SMSes using “CPF Board”...
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 .
Sep 10, 2023 · As a person who is nearing the CPF withdrawal age, I also would not want something to trigger them to implement some more detrimental measures, like pushing back the ability to withdraw from CPF from 55 to 60s, and CPF Life payouts from 65 to 70s, in order to "protect CPF members' money", for example.
Apr 23, 2022 · Banned. SINGAPORE - An SMS message sent to Central Provident Fund (CPF) members on Friday (April 22) informing them that their ElderShield insurance policies have been terminated is legitimate, said the CPF Board. The message is meant to notify CPF members that they are enrolled in CareShield Life, and that their Eldershield policies are being ...
Feb 18, 2024 · The CPF board explains on YouTube that before 55, there were three accounts—Ordinary Account, MediSave Account, and Special Account. At 55, a Retirement Account is created. “Savings in your Special Account and Ordinary Account were transferred to your Retirement Account up to your full retirement sum to provide you with monthly payouts in retirement.
Jun 29, 2023 · Central Provident Fund (CPF) members who log in to their accounts using their Singpass may have to go through another step — face verification. The additional precaution comes amid a spate of malware scams involving CPF savings, said the CPF Board, GovTech and the police in a joint advisory on Thursday (June 29).
The default CPF LIFE payout starting age is 70, the default plan is the Standard Plan, and the default Retirement Account funding level is the Full Retirement Sum (if the FRS is achievable from your CPF savings and inflow). You have to take action if you want something else. ericcsn said: 1.
Feb 16, 2024 · The CPF board explains on YouTube that before 55, there were three accounts—Ordinary Account, MediSave Account, and Special Account. At 55, a Retirement Account is created. “Savings in your Special Account and Ordinary Account were transferred to your Retirement Account up to your full retirement sum to provide you with monthly payouts in retirement.
Feb 9, 2023 · Reaction score. 2,175. Feb 9, 2023. #1. "Central Provident Fund (CPF) members will now have another option to enjoy higher interest rates on their Ordinary Account (OA) savings. OCBC Bank is offering a promotional rate of 3.88 per cent a year if they place a minimum of $20,000 with the bank for eight months from Wednesday.
Jun 22, 2023 · There are 2 money transfer sessions, 1 is on 55yo, cpf move money from oa sa up to frs to ra when it was created. 2 is before 65yo payout time, for those who didn't meet frs during 55yo, cpf will try to move again any money in oa sa to ra, to fulfill frs, assuming they continue working & have made cpf contribution to oa sa accounts.
