C*F withdrawer sum up again !!

[Kenneve888]

  On 7/15/2011 at 8:40 AM, Sabbie said:

If you are rich, you won't bother with 131k la

 

 

You missed the point altogether.

 

MY MONEY IS MINE, and I will decide how I use it, even if it is $1.

[Csnewbie]

fark la ,

 

i wonder their limit how many can reach comfortably.

[Csnewbie]

  On 7/15/2011 at 8:40 AM, Sabbie said:

If you are rich, you won't bother with 131k la

actually most sgreans have 131k,but not in cash.

 

CASH is the impt word here.

 

n they think we cant manage ourselves.

 

actually they shd set assessment for ppl.

 

some are allowed to keep for themselves.

 

for more fruitful investments.

 

rather than ones approved by them.

[Nullifi3d]

so technically since i'm not gonna see a penny of it (don't think i'll live that long since i'ma smoker) i should really maximize my cpf for housing right?

[Tigershark1976]

  On 7/15/2011 at 7:10 AM, Mr_b20 said:

biggest ponzi scam ever

 

 

yah... can you imagine what happen when the whole things explode?? I think 80% of the singaporean will jump from HDB..

[Ladykillerz]

  On 7/15/2011 at 6:53 AM, Whathefish said:

true.......but but...just a one question is CPF our money?

 

in singapore..

12 take IC

16 can have sex

18 learn use gun kill people

21 can watch RA n vote

knn and we need to be 55 to learn how to manage our own $$

 

can't agree more.

basically, we are screwed.

the money had gone into the drain due to some monkeys lost in the investment.

[Kezg1]

 

 

he foreigner no nid to contribute.....

[NightWind]

I have never considered money that I have no access to, and no control over "our money".....question answered...

 

  On 7/15/2011 at 6:53 AM, Whathefish said:

true.......but but...just a one question is CPF our money?

 

[Kenneve888]

Many are aware but for the benefit of those who don't.

 

There was sometime ago a change to the CPF Min thingy.

 

Previously:

When reach 55, if min sum not enough, you can pledge 50% with your property. Similarly, anything up to 50% of stated min sum can be withdrawn at 55 if property is pledged.

 

eg1: Min sum requirement is $130,000, but you have only $60,000 in RA when reach 55. You can draw out 0 with the shortfall pledged with property.

 

eg2: Min sum requirement is $130,000, but you have only $100,000 in RA when reach 55. You can draw out 35000 with the other half ($65,000) pledged with property.

 

 

Now:

When reach 55, if min sum not enough, you can pledge 50% with your property. But if you have less than the stated min sum, you cannot use property to pledge.

 

eg1: Min sum requirement is $130,000, but you have only $60,000 in RA when reach 55. You can draw out 0 with the shortfall pledged with property. No change.

 

eg2: Min sum requirement is $130,000, but you have only $100,000 in RA when reach 55. You can draw out 0 with the balance pledged with property. (Previously you can draw $35,000.)

 

Eg3: Min sum requirement is $130,000, but you have $140,000 in RA when reach 55. You can draw out 10,000 and no need to pledge with property. (Previously you can draw $75,000)

 

End of the day: Big Zero to draw out from CPF.

 

 

The above is based on my scanning the CPF website - hope I am right.

 

The question, if so, is: Why the change without making any announcement? Table in Parliament before? Stakeholders'opinions/preference sought?

 

KNN!

 

[Joseph22]

This ruling for the increase base on infaltion is out since 10 years ago.

 

that time, already mention they will gradutely increase to a prefixed rate (moving base on inflation.)

 

so dont need to report. you didnt remember 10 years ago news huh?

 

  On 8/3/2011 at 2:39 AM, Kenneve888 said:

Many are aware but for the benefit of those who don't.

 

There was sometime ago a change to the CPF Min thingy.

 

Previously:

When reach 55, if min sum not enough, you can pledge 50% with your property. Similarly, anything up to 50% of stated min sum can be withdrawn at 55 if property is pledged.

 

eg1: Min sum requirement is $130,000, but you have only $60,000 in RA when reach 55. You can draw out 0 with the shortfall pledged with property.

 

eg2: Min sum requirement is $130,000, but you have only $100,000 in RA when reach 55. You can draw out 35000 with the other half ($65,000) pledged with property.

 

 

Now:

When reach 55, if min sum not enough, you can pledge 50% with your property. But if you have less than the stated min sum, you cannot use property to pledge.

 

eg1: Min sum requirement is $130,000, but you have only $60,000 in RA when reach 55. You can draw out 0 with the shortfall pledged with property. No change.

 

eg2: Min sum requirement is $130,000, but you have only $100,000 in RA when reach 55. You can draw out 0 with the balance pledged with property. (Previously you can draw $35,000.)

 

Eg3: Min sum requirement is $130,000, but you have $140,000 in RA when reach 55. You can draw out 10,000 and no need to pledge with property. (Previously you can draw $75,000)

 

End of the day: Big Zero to draw out from CPF.

 

 

The above is based on my scanning the CPF website - hope I am right.

 

The question, if so, is: Why the change without making any announcement? Table in Parliament before? Stakeholders'opinions/preference sought?

 

KNN!

 

[Zanter]

I think by time i retire the minimum sum would be 1,000,0000 dollars, Medisave 500k...wahliew! .

 

Govt dont trust us not to spend money on Sweet China products la, then after that need to KPKB ask Govt for money. Well at least that what ex-MP told me off the record.

[Jman888]

  Quote

The question, if so, is: Why the change without making any announcement? Table in Parliament before? Stakeholders'opinions/preference sought?

 

i think we do get some kind of correspondent either through email or mail, which i do not read most of the time

[Latio2005A]

  On 8/3/2011 at 2:46 AM, Joseph22 said:

This ruling for the increase base on infaltion is out since 10 years ago.

 

that time, already mention they will gradutely increase to a prefixed rate (moving base on inflation.)

 

so dont need to report. you didnt remember 10 years ago news huh?

 

No la, he is talking about change in the treatment of withdrawal sum, my friend. Not about change in limit.

[Whathefish]

  On 8/3/2011 at 2:39 AM, Kenneve888 said:

The above is based on my scanning the CPF website - hope I am right.

 

The question, if so, is: Why the change without making any announcement? Table in Parliament before? Stakeholders'opinions/preference sought?

 

KNN!

Singaporean approved it on 7 May.....why need announcement

[Joseph22]

  On 8/3/2011 at 2:52 AM, Latio2005A said:

No la, he is talking about change in the treatment of withdrawal sum, my friend. Not about change in limit.

 

oh.. this one is last year amended one

Edited August 3, 2011 by Joseph22

[Latio2005A]

  On 8/3/2011 at 2:46 AM, Joseph22 said:

This ruling for the increase base on infaltion is out since 10 years ago.

 

that time, already mention they will gradutely increase to a prefixed rate (moving base on inflation.)

 

so dont need to report. you didnt remember 10 years ago news huh?

 

And yes, I recalled the move to change CPF withdrawal age in early 90s, but at the election then, GCT kenna chialuck chialuck, then the plan was shelved....but short memory Singaporeans after that forgot and the change took place anyway.

[Joseph22]

  On 8/3/2011 at 3:02 AM, Latio2005A said:

And yes, I recalled the move to change CPF withdrawal age in early 90s, but at the election then, GCT kenna chialuck chialuck, then the plan was shelved....but short memory Singaporeans after that forgot and the change took place anyway.

 

 

it was never shelves lah.. it was implemented later by LHL. but no one complain cause that time a lot of cheating case of Xiao Long Nu of the old ppl CPF money.

Edited August 3, 2011 by Joseph22

[Windwaver]

  On 7/15/2011 at 7:05 AM, Nightkids said:

SCAM

 

lol