Do u prefer to have all your cpf $ back at 55yr old?

[Relacklabrudder]

Here is what had posted on the cpf web.

 

: If you reach 55 between 1 January 2011 and 30 June 2011, the following rules apply:

 

Cash balances in Ordinary and Special Accounts, and any balance above Medisave Minimum Sum (currently $34,500) in Medisave Account at 55

Amount which you can withdraw

 

$5,000 or less

All your cash balances

 

More than $5,000 but less than or equal to $25,000

$5,000. The remainder will be set aside in your Retirement Account*.

 

More than $25,000 but less than or equal to $153,750

20% of the cash balances. The remainder will be set aside in your Retirement Account.*

 

More than $153,750

All your cash balances after setting aside the CPF Minimum Sum of $123,000 **(from July 2010 to June 2011) and the prevailing Medisave Required Amount ($27,500 for 2011)

 

 

Or visit www.cpf.gov.sg to read more.

 

 

http://forum.channelnewsasia.com/viewtopic...sc&start=10

Edited May 20, 2011 by Relacklabrudder

[Mockngbrd]

take everything out buy house obersea

[Good-Carbuyer]

Let us keep an open mind. There are people who get more than 4% from thie investments. The CPF Board a tax-like pain to us.

For the majority, GST is 7%, the longer our money retended with CPF board at 4% P.A. interest, the more we lose. Should return all our money immediately, since CPF Board is a Complete Proven Failure Board.

[Chongster]

this is call owe you money, then pay you back in instalments. Oldest excuse of insolvent debtor. ptui!

[Tigershark1976]

i wonder who will vote for "no".... knn, money is worthless if you cant use it anytime u want... even if you have 1 billion in you CPF, if you cant use when u need it, then its as good as not owning it!

[Chemmie78]

I don't consider cpf money as money....can't touch it anyway

[Pisces69]

Let us keep an open mind. There are people who get more than 4% from thie investments. The CPF Board a tax-like pain to us.

For the majority, GST is 7%, the longer our money retended with CPF board at 4% P.A. interest, the more we lose. Should return all our money immediately, since CPF Board is a Complete Proven Failure Board.

 

 

Ya gharmen sud honour their promise they gave when CPF 1st started.

 

They assure everybody that we wil all get our full CPF balances when we reach 55.

 

Now slowly here n there they keep changing the rules to keep our $$$ away from us.

 

Damm we need more OP in parliament then we will see less of this kind of crap.

[Pisces69]

i wonder who will vote for "no".... knn, money is worthless if you cant use it anytime u want... even if you have 1 billion in you CPF, if you cant use when u need it, then its as good as not owning it!

 

Gharmen (P8P) is saying our $$$ has now become their $$$ n there is nothing we can do about it.

 

Well just wait till next election when more OP get in then we see if we can do something or not.

 

[Pisces69]

I don't consider cpf money as money....can't touch it anyway

 

Ya just like we give P8P our $$$ where we can see but no touch.

 

Only they can use it freely.

 

[Ninja]

I want all my CPF money with intrest when I reached 55yrs old.

[Good-Carbuyer]

Many/most still not aware our money devalued so fast with the CPF Board that they can only issue no-valure CFD later. Less 3% (7%-4%) loss p.a. all the time. Anyone care about your money, or just donate away to CPF Board? I believe that's the reason the Y-gen so upset being robbed of their future. The BB-gen robbed of their retirement funds.

Edited May 20, 2011 by Good-Carbuyer

[Good-Carbuyer]

I don't consider cpf money as money....can't touch it anyway

Do you mean donate away this money to them? Very generous of you.

[Pisces69]

I want all my CPF money with intrest when I reached 55yrs old.

 

 

The only way u going to get it back at 55 is to vote OP next election.

[Pisces69]

Many/most still not aware our money devalued so fast with the CPF Board that they can only issue no-valure CFD later. 7%-4%=3% loss p.a. all the time. Anyone care about your money, or just donate away to CPF Board? I believe that's the reason the Y-gen so upset being robbed of their future. The BB-gen robbed of their retirement funds.

 

Ya I also feel our money locked-up with CPF is losing value cos the interest earned is not enough to cover real inflation.

 

I guess the only way to get my money back in full is to vote OP till ty have enough in parliament to out vote P8P on these issues.

 

[Kenneve888]

The only way u going to get it back at 55 is to vote OP next election.

 

That is why I VOTED for OPP in CCK GRC becos that fat P*P Minister here was the one who came out with the CPF Life Scam. I will NEVER forgive or forget. All the way OPP, even any Ah De, Ah Kow, Ali or Muthu until he repented.

Edited May 20, 2011 by Kenneve888

[Pisces69]

That is why I VOTED for OPP in CCK GRC becos that fat P*P Minister here was the one who came out with the CPF Life Scam. I will NEVER forgive or forget. All the way OPP, even any Ah De, Ah Kow, Ali or Muthu until he repented.

 

Even a monkey in a cage I wil vote OP.

 

[Good-Carbuyer]

What I heard over the radio suggest of PAP won due to many conditional supporters (perhaps some voters mistaken for spoiling votes, many voted for PAP with conditions stated onto the ballot paper, so PAP got majority instead). Cursing, scolding written onto the ballot paper for PAP half. Otherwise, the result quite different (laugh).

Edited May 20, 2011 by Good-Carbuyer

[Good-Carbuyer]

Ya I also feel our money locked-up with CPF is losing value cos the interest earned is not enough to cover real inflation.

 

I guess the only way to get my money back in full is to vote OP till ty have enough in parliament to out vote P8P on these issues.

Otherwise, stand for election as candidate and DIY abolish CPF Board. You must gather enough supporters to contest GRC. SMC too competitive.