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Can anyone explain after 55, how much i can back from CPF?

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Old 11-07-2018, 10:38 PM   #16
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In before bro cannotliao!!!!!!!!

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Old 12-07-2018, 07:54 AM   #17
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Old 12-07-2018, 07:59 AM   #18
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Example:

Govt said:
1. Min sum 181,000 (Ordinary+Special)

2. Medisave 52,000

If i got:
1. 200,000 (Ordinary)
2. 70,000 (Special)
3. 52,000 (Medisave)

Medisave account untouchable unless for medical.

So i can get back (270 - 181k =) 89k right? At 55 year old?

Then after that how much i can back yearly on my 181,000 ???


Thanks in a advance.

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At 55 all Ord/Special account monies go retirement account. You can draw out balance above minimum sum in the Retirement Account
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Old 12-07-2018, 08:23 AM   #19
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Example:

Govt said:
1. Min sum 181,000 (Ordinary+Special)

2. Medisave 52,000

If i got:
1. 200,000 (Ordinary)
2. 70,000 (Special)
3. 52,000 (Medisave)

Medisave account untouchable unless for medical.

So i can get back (270 - 181k =) 89k right? At 55 year old?

Then after that how much i can back yearly on my 181,000 ???


Thanks in a advance.

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Can someone advise how to calculate the minimum sum? I was told the amount that you pay for your home is taken into account.
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Old 12-07-2018, 08:38 AM   #20
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Example:

Govt said:
1. Min sum 181,000 (Ordinary+Special)

2. Medisave 52,000

If i got:
1. 200,000 (Ordinary)
2. 70,000 (Special)
3. 52,000 (Medisave)

Medisave account untouchable unless for medical.

So i can get back (270 - 181k =) 89k right? At 55 year old?

Then after that how much i can back yearly on my 181,000 ???


Thanks in a advance.

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Your example is correct
Then the 181,000 will stay in the retirement account and earn interest until 65 years old then you start receiving monthly payouts

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Old 12-07-2018, 08:43 AM   #21
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You will never see a single cent of your CPF money.
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Old 12-07-2018, 08:44 AM   #22
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Example:

Govt said:
1. Min sum 181,000 (Ordinary+Special)

2. Medisave 52,000

If i got:
1. 200,000 (Ordinary)
2. 70,000 (Special)
3. 52,000 (Medisave)

Medisave account untouchable unless for medical.

So i can get back (270 - 181k =) 89k right? At 55 year old?

Then after that how much i can back yearly on my 181,000 ???


Thanks in a advance.

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Why your OA so much? U didn't buy BTO or SBF flat?
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Old 12-07-2018, 08:55 AM   #23
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Why your OA so much? U didn't buy BTO or SBF flat?
TS say never buy flat. Staying w parents.
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Old 12-07-2018, 08:58 AM   #24
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Ts is a genius.. Nvr buy overpriced hdb n double lose on hdb loan interest
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Old 12-07-2018, 08:59 AM   #25
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Most sinkies can never reach anywhere near the min sum la...
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Old 12-07-2018, 09:00 AM   #26
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Ts is a genius.. Nvr buy overpriced hdb n double lose on hdb loan interest
can buy, juz cash out straight by renting and never treat it as 'home'.......
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Old 12-07-2018, 09:03 AM   #27
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TS say never buy flat. Staying w parents.
Cannot be forever like that mah
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Old 12-07-2018, 09:08 AM   #28
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Gov so rich. 10 x 185k already near 2m. No wonder gov like sinkies to keep working

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Old 12-07-2018, 11:25 AM   #29
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Your example is correct
Then the 181,000 will stay in the retirement account and earn interest until 65 years old then you start receiving monthly payouts

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So you mean from 56 yr old to 64 yr old, i will get nothing from the $181,000 retirement account ????????

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Old 12-07-2018, 11:35 AM   #30
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what do you think? nothing’s for free.

So you mean from 56 yr old to 64 yr old, i will get nothing from the $181,000 retirement account ????????

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