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To transfer CPF to homemaker wife, or not?

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Old 10-07-2017, 09:33 PM   #151
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if this is not considered as 0 interest, what is?
No, that not "zero interest." It's a world class, lifetime annuity -- paid for with funds that earned a high rate of interest -- that simply didn't work out too well for that particular individual and his heirs. Just like having fire insurance (paid for with a premium that was boosted with high interest) with no fire, no claims.

I guess you really don't understand lifetime annuities and longevity insurance. OK, I suppose that's possible since they're relatively new concepts in Singapore. But they were invented at least as far back as the early 1800s.
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Old 10-07-2017, 10:46 PM   #152
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This annuity topic between the two of you is getting real tiresome. It spans over months, across many threads and pages, bloating them without adding anything new. Just give it a rest already? Please?
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Old 11-07-2017, 06:28 AM   #153
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I guess you really don't understand lifetime annuities and longevity insurance. OK, I suppose that's possible since they're relatively new concepts in Singapore. But they were invented at least as far back as the early 1800s.
i guess you dont understand the simple concept of mathematics. they can say that the annuity earns 100% interest and it goes to the common fund. you can have nothing of it. this is equivalent to 0 interest to the individual

maybe you do, you are a garmen mole and will post anything and everything to support the garmen.
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Old 11-07-2017, 06:34 AM   #154
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if dbs post this, will you laugh your teeth off?

dbs gives 10% pa for your savings accounts. 0.05% is credited to your account and the other 9.95% will go to a pooled fund. this fund is used to maintain the atm, your internet banking platform, the branches and the director's huge bonuses. this is to allow you to enjoy all the benefits of banking with dbs
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Old 11-07-2017, 08:14 AM   #155
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i guess you dont understand the simple concept of mathematics. they can say that the annuity earns 100% interest and it goes to the common fund. you can have nothing of it. this is equivalent to 0 interest to the individual

maybe you do, you are a garmen mole and will post anything and everything to support the garmen.
0 interest to the unfortunates who live up to the BE age.

Some interests/profits to the lucky ones who live beyond the BE age.

This is what a pooled insurance is all about. Many will lose, some will gain but ultimately, insurance provider wins it all.
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Old 11-07-2017, 10:30 AM   #156
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insurance provider wins it all.
i love this sentence
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Old 11-07-2017, 06:55 PM   #157
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All, I have checked with CPF. For the property pledge withdrawal above the BRS, you can withdraw as many times as you like, in any amount but they mentioned processing time will take at least 2 weeks.

They said can withdraw as little as $10 each time and whatever's left in RA is still earning the 4% interest.
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Old 11-07-2017, 09:33 PM   #158
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All, I have checked with CPF. For the property pledge withdrawal above the BRS, you can withdraw as many times as you like, in any amount but they mentioned processing time will take at least 2 weeks.

They said can withdraw as little as $10 each time and whatever's left in RA is still earning the 4% interest.
Wish you have also asked whether amount withdrawn can be refunded with accrued interest.
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Old 12-02-2018, 08:08 AM   #159
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U are wrong!

People here are talking about withdrawal above BRS, not the normal withdrawal of funds!

U have to apply to pledge your property = application to withdrawal funds above BRS in the RA. Once your application to pledge property is approved, CPF will automatically pay the funds above BRS to your bank account or via a cheque if u dun have bank account setup.
If don't pledge property, can withdraw fund in BRS after 65 years old?

So is it better to transfer CPF to homemaker wife or not?
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Old 15-02-2018, 03:29 AM   #160
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Alternative perspective, CPF Life scheme start paying interest after your 93th birthday and increases monthly, as long as you lived.
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