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

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Old 12-07-2018, 03:13 PM   #76
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You cannot control when you die.

The scariest thing is living TOO long and ran out of retirement savings
bedok river ish free
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Old 12-07-2018, 03:15 PM   #77
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This is where you are alive for 55 years... on your 55th birthday.

On this date your CPF will auto created a new RA account for you.
The said amount of fund from OA + SA, if any, will be moved to the new RA account.

You may received CPF statement on this new RA Account.
And you would be advice on how much you can take out or not as indicated on the CPF letter.
curry nah even yang ppl also find this confusing.
which idiot cums out with this scheme to try to scam old ppl
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Old 12-07-2018, 03:25 PM   #78
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This is where you are alive for 55 years... on your 55th birthday.

On this date your CPF will auto created a new RA account for you.
The said amount of fund from OA + SA, if any, will be moved to the new RA account.

You may received CPF statement on this new RA Account.
And you would be advice on how much you can take out or not as indicated on the CPF letter.
So you mean for my case, CPF will inform me that the balance of $89,000 is withdrawal at the age 55 after RA account created?


Recently i got colleague reached 55, took CPF monies go buy car. So i curious why people here said CPF cannot take till 65.

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Old 12-07-2018, 03:31 PM   #79
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So you mean for my case, CPF will inform me that the balance of $89,000 is withdrawal at the age 55 after RA account created?


Recently i got colleague reached 55, took CPF monies go buy car. So i curious why people here said CPF cannot take till 65.

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After putting into the RA, what ever is left in his OA can be withdrawn, so if he left 300K in his OA ,he can take out and buy car . And if he is still working after 55, he can continue to take out whatever is credited in monthly to his OA and SA
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Old 12-07-2018, 03:34 PM   #80
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After putting into the RA, what ever is left in his OA can be withdrawn, so if he left 300K in his OA ,he can take out and buy car . And if he is still working after 55, he can continue to take out whatever is credited in monthly to his OA and SA
Oic... i believe your version. Thanks... thanks!

Some people here really like to stir ah stir...

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Old 12-07-2018, 03:35 PM   #81
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It's those people who cannot meet the minimum sum at 55 and without a house to mortgage that will have a hard time when they hit 65. And anyone without any income before 65 will be having a hard time evening though they had a met RA.

Last edited by Palary; 12-07-2018 at 03:38 PM..
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Old 12-07-2018, 03:36 PM   #82
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Donít be silly, there is no more money left for u to withdraw
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Old 12-07-2018, 03:41 PM   #83
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Those having a good life at 55 onwards are those who fulfilled the RA, and continued to work. They had more cash as they can take out their monthly CPF contributions. Of cos garmen will advise them to keep in CPF for more interest.
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Old 12-07-2018, 03:46 PM   #84
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Don’t be silly, there is no more money left for u to withdraw
You don't stir and stir, can?

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Old 12-07-2018, 03:48 PM   #85
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Nowadays no one employs 50 year olds riao. Yet garmen keep increase withdrawal age knn. How to survive when old.
not true at all. plentiful of opportunity, infact it is everywhere. go hawker, mcdonald, recycling bin centre etc etc all can see

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Old 12-07-2018, 03:59 PM   #86
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Wait, that means

If minimum sum is 181k

Follow TS:
1. 200,000 (Ordinary)
2. 70,000 (Special)
3. 52,000 (Medisave)

at age 55, he can cash out 89k right?
and then at age 65, it's a monthly of 1.2k?
200,000+ 70,000 = 270,000
270,000 - 181,000 = 89,000

if you no property, then the max you can get is $89k. If you got property charge, can use that to offset even more amount and get even more back. But remember, when you sell, you need to put that amount of money back to CPF.

Before you 65, they will send you a package ask you choose which type of retirement scheme and payout you want.. based on that, your monthly can be between staggered $200 to $1.6k++...
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Old 12-07-2018, 03:59 PM   #87
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Nowadays no one employs 50 year olds riao. Yet garmen keep increase withdrawal age knn. How to survive when old.
If you have to work full time job after 55 years old, means your whole life must be a useless bum just like p____...

Even WP low this year 61 also retire liao..
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Old 12-07-2018, 04:06 PM   #88
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200,000+ 70,000 = 270,000
270,000 - 181,000 = 89,000

if you no property, then the max you can get is $89k. If you got property charge, can use that to offset even more amount and get even more back. But remember, when you sell, you need to put that amount of money back to CPF.

Before you 65, they will send you a package ask you choose which type of retirement scheme and payout you want.. based on that, your monthly can be between staggered $200 to $1.6k++...

But the property need to pay by cpf then can pledge right?
Cause if the hdb is pay via cash cannot pledge?
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Old 12-07-2018, 04:15 PM   #89
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But the property need to pay by cpf then can pledge right?
Cause if the hdb is pay via cash cannot pledge?
if pay by cash, i think then is consider as pledge..because if pay by cpf, they already create the cpf charge by default which is equal to how much cpf you use for your house.

if pay by cash and you pledge value of property means when you sell, instead of getting cash, you need to pay that as cpf back to them...

better to call the cpf officer ask as I might be wrong.

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Old 12-07-2018, 04:17 PM   #90
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curry nah even yang ppl also find this confusing.
which idiot cums out with this scheme to try to scam old ppl
actually is very simple. only idiot cannot understand.
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