How much $$ can u withdraw when u retire?
-
As quoted from the CPF website:
"From 1 January 2013, members who reach 55 can withdraw their cash balances only after setting aside the CPF Minimum Sum and Medisave Minimum Sum. However, members can still withdraw the first $5,000 from the CPF account at age 55."
Source: https://www.cpf.gov.sg/cpf_trans/ssl/financial_model/wdl_assumption.asp
so means to say that from 2013, if the min sum is $150,000, u can only withdraw the first $5000 and another $1000 if you have $151,000 in your retirement account. No more the old 50% withdrawal rule where sgporeans can still see a substantial amount of their CPF.
Cuurent min sum is already $117,000. Given how it has risen over the past 2 years by about 7-9k per annum, by 2013, that figure would reach $150,000 considering the high inflation that sgporeans are facing?
And by 2035 where most of the baby boomers' children like me would be aged 55, the min sum would be $400,000? Haha....let's see....HDB already between $300,000 to $900,000, university education going up, etc etc...
-
Maybe Zero dollars???
With the frequent job losses, many of us would probably be taking up temp jobs without CPF. Ultimately, our CPF money most likely eaten up by Medisave and Medishield... Its like few hundred dollars a year.... and also money to the HDB flat.
Unless one dio cancer at 50.... Maybe can get back all the money. If not, cannot get back liao. -
cpf is just an excuse to retain our money so they can make 'longggggg term' investments.
-
CPF?
can CPF be eaten?
-
Originally posted by noahnoah:
CPF?
can CPF be eaten?
If you are single, has no next of kin (parents) and has not nominated any person to inherit your CPF.
-
I will tell you all one possibility.......
One day you will required to top up your CPF monies from your own pocket......it is your citizen duties to make sure it reach a minimum sum for govt to spend.
-
Originally posted by Arapahoe:
I will tell you all one possibility.......
One day you will required to top up your CPF monies from your own pocket......it is your citizen duties to make sure it reach a minimum sum for govt to spend.
Citizen's responsibility.
-
Originally posted by noahnoah:
CPF?
can CPF be eaten?
Can! CPF can mix with laksa gravy and eat...why not? -
Originally posted by Clivebenss:
Citizen's responsibility.
thats right the different between a civilian vs a citizen........(sound familar!!!) -
to be frank, you are just a pawn for the master to move you as he likes
-
You think you still can get a dime out of it?
-
Originally posted by Arapahoe:
I will tell you all one possibility.......
One day you will required to top up your CPF monies from your own pocket......it is your citizen duties to make sure it reach a minimum sum for govt to spend.
OUr CPF account is their Bank account. heheheheh! WE are all walking ATMs to them, want money just go deduct from their Bank account (our CPF account) without our permission.
-
Originally posted by Rock^Star:
As quoted from the CPF website:
"From 1 January 2013, members who reach 55 can withdraw their cash balances only after setting aside the CPF Minimum Sum and Medisave Minimum Sum. However, members can still withdraw the first $5,000 from the CPF account at age 55."
Source: https://www.cpf.gov.sg/cpf_trans/ssl/financial_model/wdl_assumption.asp
so means to say that from 2013, if the min sum is $150,000, u can only withdraw the first $5000 and another $1000 if you have $151,000 in your retirement account. No more the old 50% withdrawal rule where sgporeans can still see a substantial amount of their CPF.
Cuurent min sum is already $117,000. Given how it has risen over the past 2 years by about 7-9k per annum, by 2013, that figure would reach $150,000 considering the high inflation that sgporeans are facing?
And by 2035 where most of the baby boomers' children like me would be aged 55, the min sum would be $400,000? Haha....let's see....HDB already between $300,000 to $900,000, university education going up, etc etc...
me 21yo, so by that time me 55yo, the mini sum can be 1 million liao...wha lau, better dun contribute, i told my staffs, me give contract, paid them more instead of paying CPF, and most agreed, i recommended them to use my extra paid to them to buy long term stocks like SPH, DBS etc and get better return than CPF 4% interest, most of them like it, very happey working with me on 2 years recontract basis. -
The agenda of the Taiwanese 'hum' is obvious to disrupt the SgForum with its low level frivolous idiocy.It is obvious that the moderators have given Taiwanese 'hum' a "carte blanche" to disrupt as it pleases with its idiocy and without any intervention.
How did the Taiwanese 'hum' manage to post two replies at the same time when there is a 30 second bar between postings ?
S’poreans must not create an image that new immigrants are n - 04 Apr ’10 –10.53AM
Undersea nuke power plant in SG southern islands – 04 Apr ’10 – 10.53AM
It is not a surprise that the Taiwan 'hum' will continue to agitate by flapping its ‘Labia Majora’ and ‘Labia Minora’ to taunt in total idiocy - ‘hahaha..now u know who i am hor...the special one.’ (*1)
The agenda of a Taiwanese 'hum' in this SgForum was clearly stated by itself - ‘to make sure the audience moving/divert toward you’ (*2)
Is it any surprise to see that the efforts of the resident CBM here is obviously to sabotage the thread with its flippant and irrelevant replies, and get all attempts at serious discussion to be driven off track - simply to bring attention to its own stupidity ?
With its brain stuck between its ‘Labia Majora’ and ‘Labia Minora’ - and a brain no bigger then the size of its ‘clitoris’ - all it can do is to flap in rapturous idiocy to attract attention to itself as an 'Attention Seeking Whore' fitted with a world class CBM.
-
One day, CPF will stop being referred to as "your money".
-
Perhaps we can only withdraw it starting from 80 yrs old next time...
-
When CPF was contributed by 20% employer and 20% employee, i really dun mind govt keeping or controlling the other half, at least they created a policy of 50% contribution by employer, but today with a 14.5% contributed from employer, why is it that Govt can still manipulate CPF?? In term of shareholders control, employees are the majority. Moreover as people aged (active agers
), the employers contribution get less and less, and yet govt still have a said in the CPF. If you look at Singapore as a capitalist stocks and shares motivated country, the main shareholders in CPF would had been the people and not the govt anymore. Then why peoples still allow Govt, a minority shareholders to take control of CPF??No wonder my Uncle Li Aw said, "Singaporeans are stupid"
-
Originally posted by angel7030:
When CPF was contributed by 20% employer and 20% employee, i really dun mind govt keeping or controlling the other half, at least they created a policy of 50% contribution by employer, but today with a 14.5% contributed from employer, why is it that Govt can still manipulate CPF?? In term of shareholders control, employees are the majority. Moreover as people aged (active agers
), the employers contribution get less and less, and yet govt still have a said in the CPF. If you look at Singapore as a capitalist stocks and shares motivated country, the main shareholders in CPF would had been the people and not the govt anymore. Then why peoples still allow Govt, a minority shareholders to take control of CPF??No wonder my Uncle Li Aw said, "Singaporeans are stupid"
‘hahaha..now u know who i am hor...the special one.’ (*1)
It is not a surprise that the Taiwan 'hum' will continue to agitate by flapping its ‘Labia Majora’ and ‘Labia Minora’ to taunt with total "carte blanche" liberties to disrupt as it pleases without any intervention from the moderators.
The agenda of a Taiwanese 'hum' in this SgForum was clearly stated by itself - ‘to make sure the audience moving/divert toward you’ (*2)
Is it any surprise to see that the efforts of the resident CBM in this Forum, is to sabotage the thread with its flippant and irrelevant replies, and get all attempts at serious discussion to be driven off track - simply to bring attention to its own stupidity ?
With its brain stuck between its ‘Labia Majora’ and ‘Labia Minora’ - and a brain no bigger then the size of its ‘clitoris’ - all it can do is to flap in rapturous idiocy to attract attention to itself as an 'Attention Seeking Whore' fitted with a world class CBM.
-
Originally posted by eagle:
Perhaps we can only withdraw it starting from 80 yrs old next time...
You are too optimistic.
-
Unless you earn lots of money, I suspect we could only withdraw our CPF monies as payout from annuity!
-
Originally posted by charlize:
You are too optimistic.
Damn, you are spot on again
-
atobe,,,,,,wait till angel7030 get depressed n jump off buildin then u know.....but me suspect its yer way of courting angel7030;)
-
Don't even go think how much you can draw. Hey, don't even go think you can draw any after you retire k?
-
Originally posted by TERMINATOR4000:
atobe,,,,,,wait till angel7030 get depressed n jump off buildin then u know.....but me suspect its yer way of courting angel7030;)
wait i terminate u, then u know -
Originally posted by Fallen-Angel:
Don't even go think how much you can draw. Hey, don't even go think you can draw any after you retire k?
By our Ministers said, we must think and be illusionist, look at our CPF statement and be happy, look at HDB flat and laugh loudly that the asset had gone up.Well, i hv to admit for most Singaporeans, you need to be an illusionist to survive, otherwise, life can be difficult.
