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Nov 8, 2020 · One is able to invest their CPF OA through an Investment Account with either UOB, OCBC or DBS. There fee structure is a bit unusual and quite high. Transaction fee: $2/$2.50 per 1000 shares/unit or part thereof (UOB is cheapest at $2, OCBC and DBS charge $2.50) Broker's Commisiosion of 0.25%-0.28% with a $25 minimum.
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.
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%.
Jul 1, 2023 · CPF is awesome for most people. Generally good for forcing savings for retirement but a few problems. usage of cpf for housing shouldn't be allowed. It's meant for retirement, don't create a leakage and find other ways to tackle affordability of flats and houses.
Jul 26, 2021 · Report to Mom and cpf. The government takes a dim view of employers not paying cpf What he said. Just prepare your employment contract, any correspondence with your boss or HR about salary, bank statements (showing salary credited) and MOM / CPF will do the rest. In Singapore, you don't owe money to IRAS, CPF, and Customs (duties / GST etc).
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 ...
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 .
Oct 31, 2022 · Singapore’s CPF System Is Ranked 9th and Graded “B” On The Global Pension Index . While Singapore’s CPF system is the top ranked in Asia, it is actually ranked 9th out of 44 systems graded “B” on the Global Pension Index. This index covers 44 retirement income systems globally, representing 65% of the global population.
Dec 6, 2023 · SINGAPORE: The interest rate for Central Provident Fund (CPF) Special and MediSave Accounts (SMA), as well as Retirement Accounts (RA), will rise to 4.08 per cent per annum in the first quarter of 2024, said the CPF Board, Housing & Development Board (HDB) and Ministry of Health (MOH) in a joint news release on Wednesday (Dec 6).
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.
