HWZ Forums

Login Register FAQ Mark Forums Read

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

Like Tree34Likes
Reply
 
LinkBack Thread Tools
Old 11-07-2018, 09:05 PM   #1
Supremacy Member
 
Join Date: Jul 2016
Posts: 6,558
Can anyone explain after 55, how much i can back from CPF?

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.

Sent from Mercedes-Benz E250 using GAGT
P R N D is offline   Reply With Quote
Old 11-07-2018, 09:07 PM   #2
Master Member
 
stewpig's Avatar
 
Join Date: Jan 2014
Posts: 2,961
Hope you are not planning to live on cpf alone when u are 55
stewpig is offline   Reply With Quote
Old 11-07-2018, 09:07 PM   #3
High Supremacy Member
 
coolmyth's Avatar
 
Join Date: Dec 2006
Posts: 28,330
$5k nia lah.
coolmyth is offline   Reply With Quote
Old 11-07-2018, 09:10 PM   #4
Supremacy Member
 
Join Date: May 2001
Posts: 5,653
https://www.cpf.gov.sg/eSvc/Web/Sche...ayoutEstimator
Ideasmiths is offline   Reply With Quote
Old 11-07-2018, 09:29 PM   #5
Supremacy Member
 
bullfrog's Avatar
 
Join Date: Jan 2000
Posts: 8,339
Nothing.
bullfrog is offline   Reply With Quote
Old 11-07-2018, 09:31 PM   #6
Supremacy Member
 
Join Date: Sep 2015
Posts: 6,980
EDMWers are too satki to draw out CPF.
01asdf is offline   Reply With Quote
Old 11-07-2018, 09:34 PM   #7
Senior Member
 
Join Date: Jun 2018
Posts: 1,118
When is your birthday?

Reaching 2020 at age 55? 1965-er?

The formula is pretty correct, probably around 13xx to 14xx for life.
Chromesthlesia is offline   Reply With Quote
Old 11-07-2018, 10:08 PM   #8
Honorary Member
 
The_Davis's Avatar
 
Join Date: Mar 2001
Posts: 114,600
Upz........
The_Davis is offline   Reply With Quote
Old 11-07-2018, 10:10 PM   #9
Master Member
 
Join Date: Jan 2002
Posts: 2,891
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.

Sent from Mercedes-Benz E250 using GAGT
what yearly.. there is no more yearly.. when you hit 55 your FRS is used to buy CPF Life.. it continues to earn money in your RA but you don't get to withdraw it.

as for how much you can withdraw, depends on how old you are. if the numbers you provided is the amount just before your 55 birthday then what you said is correct withdrawal wise.
KnyghtRyder is offline   Reply With Quote
Old 11-07-2018, 10:10 PM   #10
Great Supremacy Member
 
orwell76's Avatar
 
Join Date: May 2006
Posts: 53,788
When is your birthday?

Reaching 2020 at age 55? 1965-er?

The formula is pretty correct, probably around 13xx to 14xx for life.
Provided CPF Life is solvent
orwell76 is offline   Reply With Quote
Old 11-07-2018, 10:12 PM   #11
Master Member
 
Join Date: Sep 2010
Posts: 3,113
In before CPF is not your money.
charsiewfan is offline   Reply With Quote
Old 11-07-2018, 10:16 PM   #12
Great Supremacy Member
 
orwell76's Avatar
 
Join Date: May 2006
Posts: 53,788
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.

Sent from Mercedes-Benz E250 using GAGT
You can opt for BRS, get another $90.5k
orwell76 is offline   Reply With Quote
Old 11-07-2018, 10:21 PM   #13
Master Member
 
Join Date: Feb 2016
Posts: 4,504
If u gg to buy studio apt, those old ppl 2rm, must faster tell them if not, how to buy after 55
sgman88 is offline   Reply With Quote
Old 11-07-2018, 10:22 PM   #14
Senior Member
 
jas1701's Avatar
 
Join Date: Mar 2007
Posts: 2,492
Get BRS better, more cash out except when 65, u get less back.
jas1701 is offline   Reply With Quote
Old 11-07-2018, 10:36 PM   #15
Supremacy Member
 
Join Date: Jul 2016
Posts: 6,558
You can opt for BRS, get another $90.5k
What's BRS? I got no HDB flat, staying with parent's flat.

Sent from Mercedes-Benz E250 using GAGT
P R N D is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On