Drive_carcar Clutched June 1, 2009 Share June 1, 2009 What's so sh*tty about it? Well to start with, our CPF minimum sum increase (announced somewhere else today). They have just lost a fortune with ML/BoA, and what's left of the proceeds from dumping BoA, is not used to buy this. Wonder if they have already lost their reversed Midas touch yet? ↡ Advertisement Link to post Share on other sites More sharing options...
Blackyv Turbocharged June 1, 2009 Share June 1, 2009 olan liao... Link to post Share on other sites More sharing options...
Swataction Neutral Newbie June 1, 2009 Share June 1, 2009 (edited) lai liao lai liao.. time to make up the difference liao.. dun think i can get any money from CPF when i reach 55.. haiz.. all $$ locked in the "safe" and thrown the keys into the sea liao News Releases CHANGES IN CPF MINIMUM SUM, MEDISAVE MINIMUM SUM AND MEDISAVE CONTRIBUTION CEILING FROM 1 JULY 2009 News Release by: Central Provident Fund Board 1 June 2009 -- http://mycpf.cpf.gov.sg/CPF/News/News-Rele...N_1June2009.htm CPF Minimum Sum The Ministry of Manpower announced in August 2003 that the MS will be raised gradually to reach $120,000 (in 2003 dollars) in 2013. The increase in MS, which includes an adjustment for inflation, is to ensure that Singaporeans set aside sufficient savings for their retirement. In line with this policy, from 1 July 2009, the prevailing CPF Minimum Sum (MS) will be revised from $106,000 to $117,000. The new MS will apply to CPF members who turn 55 from 1 July 2009 to 30 June 2010. Medisave Minimum Sum and Medisave Contribution Ceiling The Medisave Minimum Sum (MMS) and Medisave Contribution Ceiling (MCC) need to be adjusted to ensure that Singaporeans have sufficient savings to meet their hospitalisation expenses, and have been adjusted for inflation. For this reason, from 1 July 2009, a. The MMS will be raised to $32,000 from $29,500. Members will be able to withdraw their Medisave savings in excess of the MMS at or after 55 years old. b. The maximum balance a member may have in his Medisave Account, known as the (MCC), is fixed at $5,000 above MMS and this would be increased correspondingly to $37,000, from $34,500. Any Medisave contribution in excess of the prevailing MCC will be transferred to the member Edited June 1, 2009 by Swataction Link to post Share on other sites More sharing options...
Darth_mel 1st Gear June 1, 2009 Share June 1, 2009 Gahmen no more money in cpf liao so now choot all kinds of pattern to delay our retirement. Link to post Share on other sites More sharing options...
ShepherdPie 5th Gear December 6, 2012 Share December 6, 2012 just a gentle reminder... :P Link to post Share on other sites More sharing options...
Ben5266 Supercharged December 6, 2012 Share December 6, 2012 just a gentle reminder... :P OK lah.... $303 million only at most. It is peanut. Link to post Share on other sites More sharing options...
PorkChong Clutched December 6, 2012 Share December 6, 2012 (edited) they lost SGD 58Billions in 1 FY. so what's SGD 303Millions? Edited December 6, 2012 by PorkChong Link to post Share on other sites More sharing options...
Celicar Turbocharged December 6, 2012 Share December 6, 2012 Gahmen no more money in cpf liao so now choot all kinds of pattern to delay our retirement. Delay?!? It is PREVENT!! Link to post Share on other sites More sharing options...
Wt_know Supersonic December 6, 2012 Share December 6, 2012 in 2011 election, i heard someone asked ... 1 BILLION = how many zeros ??? they lost SGD 58Billions in 1 FY. so what's SGD 303Millions? Link to post Share on other sites More sharing options...
Baphomet 3rd Gear December 6, 2012 Share December 6, 2012 (edited) just take it that CPF money not your money lor.. u will feel less cheated and happier. I always consider cpf as another form of income tax.. and yes.. it can be used to buy your hdb flat at super inflated prices. hoo ray! Edited December 6, 2012 by Baphomet Link to post Share on other sites More sharing options...
Cars08 1st Gear December 6, 2012 Share December 6, 2012 just take it that CPF money not your money lor.. u will feel less cheated and happier. I always consider cpf as another form of income tax.. and yes.. it can be used to buy your hdb flat at super inflated prices. hoo ray! Yah man u r damn rite abt this....empty all monies to buy hse if u could...it makes one feel better...at least still get a roof over your head... Link to post Share on other sites More sharing options...
Zanter 3rd Gear December 6, 2012 Share December 6, 2012 They must love Olam a lot :P Link to post Share on other sites More sharing options...
Junky73 3rd Gear December 7, 2012 Share December 7, 2012 Maybe there's a male version of Cecilia Sue somewhere? Link to post Share on other sites More sharing options...
Celicar Turbocharged December 7, 2012 Share December 7, 2012 Maybe there's a male version of Cecilia Sue somewhere? Not possible because Cecilia Sue is not blind. Link to post Share on other sites More sharing options...
LoverofCar 6th Gear December 7, 2012 Share December 7, 2012 Beside paying income tax...CPF is also a form of tax on a monthly basis.....you pay and you probably won't see even till you died... Link to post Share on other sites More sharing options...
Porche 5th Gear December 8, 2012 Share December 8, 2012 before u turn 55, run road liao....so that can withdraw all the $$$$ Link to post Share on other sites More sharing options...
Kyrios Turbocharged December 8, 2012 Share December 8, 2012 they lost SGD 58Billions in 1 FY. so what's SGD 303Millions? Sure boh? That's scary man. Why do we have a bunch of highly paid foreigners who play and toy with our hard earned savings? If there is ever a need to increase cash aids for our elderly, for sure there will be days and days of parliamentary debate. How come these top bankers when it comes to investing billions no need to seek any approval? The total population of the earth including hungry africans is only 7 billion..here we lost 58 billion..wah biang..knn Link to post Share on other sites More sharing options...
Little_prince Supersonic December 10, 2012 Share December 10, 2012 they lost SGD 58Billions in 1 FY. so what's SGD 303Millions? where your number come from? dont anyhow whack leh. ↡ Advertisement Link to post Share on other sites More sharing options...
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