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REDAS celebrates 65th anniversary, honours Chia Ngiang Hong with Lifetime Achievement Award
"Turning 65 may mean receiving CPF [Central Provident Fund] retirement payouts for some," says Tan Swee Yiow, president of REDAS, in his welcome speech ...
EdgeProp via Yahoo
2 days ago
10 Best Savings Accounts in Singapore with the Highest Interest Rates (Nov 2024)
Savings accounts have a simple premise, but often come with complex mechanisms for you to earn bonus interest. When you open a savings account with a bank, you deposit money...
MoneySmart via Yahoo
7 days ago
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 · The CPF Board has been progressively reducing the interest it pays on deceased members' balances. Not that long ago the deceased member's nominee(s) could leave all funds on account with CPF earning the standard interest rates indefinitely. That was/is pretty attractive for an "on demand" account. Not any more.
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 · The CPF Board spokesman said there was no particular reason why it chose to notify its members of the termination of their ElderShield policies on Friday. SMS messages with clickable links have come under scrutiny due to an ongoing scourge of phishing scams that trick people into entering their credentials or personal information into fake websites that are made to look real.
Mar 11, 2022 · Letter from CPF is legitimate and not a scam Physical letters asking its members to update their bank accounts are legitimate and not a scam, said Central Provident Fund (CPF) on Friday (March 11). The clarification comes after claims that such letters from CPF are scams.
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).
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.
Nov 21, 2023 · The CPF Board used to have the second sweep at age 65 for everyone who needed a second sweep, but they changed that practice recently to connect the second sweep to CPF LIFE timing. yoongf said: Whether there is sweeping or not, it does not affect withdrawal amounts.
Feb 9, 2023 · Cash rich in CPF have option to invest in TBills or TDs for safe, stable higher returns. Those depending on CPF for HDB mortgage repayment get lower interest on their loans. CPF Board is pretty much walking the middle road and keeping options open for everyone. I don't think there really is anything to dislike about their choice.
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.
