I got 40k in OA 14k in SA and 28K in MA and i cant do a s--t

[Without_a_car]

No but I frequent CPF website cause I use CPF for share investments and I used to write to CPF Board making enquires.

 

good good

 

ask you another question

cos now CPF is auto pledge the HDB for minimum sum

 

say I am 55 now

say now my flat kenna SERS,

say the compensation is $400k, I bought my flat at $150k

the replacement flat is $450k, my wife contributed $10k for the flat, and she does not meet the minimum sum of $131k

 

means they deduct $65k from the compensation amount for my wife's minimum sum?

so how am I supposed to buy a replacement flat if I do not have sufficient funds to buy the replacement flat?

[Dumb]

good good

 

ask you another question

cos now CPF is auto pledge the HDB for minimum sum

 

say I am 55 now

say now my flat kenna SERS,

say the compensation is $400k, I bought my flat at $150k

the replacement flat is $450k, my wife contributed $10k for the flat, and she does not meet the minimum sum of $131k

 

means they deduct $65k from the compensation amount for my wife's minimum sum?

so how am I supposed to buy a replacement flat if I do not have sufficient funds to buy the replacement flat?

 

I can only guess. If your wife have paid 10k from CPF, she needs to return the 10k plus accrued interest to OA, unless she above 55. How much goes into the min sum depends on how much CPF she got.

 

As you are above 55 with min sum, no money will go back to your cpf. In other words, 65k goes to your wife cpf if she below 55 and balance of 335 will be in joint names. If you want part of 335 to go back to your cpf, you need to make to request to cpf as well as get your wife written consent.

Edited January 29, 2012 by Dumb

[Dumb]

Joke of the Year?

 

Like it or not, all your OA will be transferred to SA or RA to meet the min sum when the time comes. So for those who are unlikely to use their OA, why not transfer now and earn a higher interest instead of waiting for the time to come.

 

[Tigershark1976]

TS confirm has at least 200K in cash to do it

 

 

even 200K also not enough to pay downpament for the cheapest landed property in SG bro....

[Nightkids]

so what did u guys do with your CPF?

 

any ideas?

 

 

Bro, how much you have in the bank???

 

Nebermind, end of the day, when you see your yearly CPF statement, YOU WILL FEEL VERY RICH !!!!!!!!

[Happily1986]

looking at seletar

the price is 700+ psf

 

Which part? Seletar Hills vs vicinity of Seletar Airport is one helluva big difference.

[Mllcg]

Like it or not, all your OA will be transferred to SA or RA to meet the min sum when the time comes. So for those who are unlikely to use their OA, why not transfer now and earn a higher interest instead of waiting for the time to come.

 

i know about that.

 

but how much difference in %?

[Good-Carbuyer]

I feel rich looking at my total $50,000 in the CPF.

It's good to have such 'untouchable' savings for my retirement days.

I like to believe you are capable ot thinking out of the box

[Good-Carbuyer]

yah can do investment...but of cos the risk come with it....

Better than confirmed proven failure

[Good-Carbuyer]

I earn about 6k interest from CPF each year, how much you guys earn?

Cash in hand, or just got con like some/many others?

[Good-Carbuyer]

you can always opt for 100% principal amount guaranteed, but that will mean lower risk via lower returns.

another way is to go for endowment plan using CPF.

Do think of DIY with financial management

[Good-Carbuyer]

not joking...

 

OA 51k

SA 131k

MA 41k

Sometimes it is better to manage our own funds than to continue to let others mess around with our hard earned money. I did risked my life and limbs in the construction worksite to earn my money nall these years. Now I want to manage my own fund (I am aware many/most of those managers around are not making good offers).

[Good-Carbuyer]

Mine only $50k

 

OA 10k

SA 30k

MA 10k

 

How I wished I have that OA 50k......

I m impressed ith your SA.....How come you high flyer is it?

I thought peanuts = $600k?

[Good-Carbuyer]

What age?

 

I tell you, soon they will limit the SA account to min sum and auto spillover the balance to OA. Although SA cannot be utilized freely like OA, the interest pay out will soon inflate so high that CPF will think it's risky exposure. Cos people will draw down from it once they are old enough, else it gets paid out in lump sum in the event of death or migration. The latter will draw down so quickly that new members into the system cannot cover for the high payout...

Your money needed to bail out the confirmed proven failure bd.

[Good-Carbuyer]

He cant transfer any more to SA cause 131k is the current limit. SA balance can go only go over the current limit from mandatory or voluntary contributions.

SA = Sure absconded? Why donation?

[Good-Carbuyer]

this is serious matter...

you mean i lugi on interest?

Oh dear, CPF = confirmed proven failure. Of course we keep losing in order to bail out the cpf bd.

[Heartlander]

Oh dear, CPF = confirmed proven failure. Of course we keep losing in order to bail out the cpf bd.

Please stop spewing rubbish in this forum like some other member always do. You are making it difficult to follow the conservation. Take your agenda elsewhere, thank you.

[Solar]

if house paid for, transfer all to SA get higher interest

 

assuming hdb is fully paid, can u utilize the $$$ in the SA to purchase a private house?

the hdb is not sold..