CPF Easy Info Thread. :)

[audeze]

If you post that in the following thread so that we can consolidate such conversation at this thread

This started in the Treasury Bills thread. I then posted in this thread because it's here that dork32 posted his illustration. I hv no wish to start over again in yet another thread

Wsws24 has written to cpf again. I am 100% sure nothing has changed between 2017 and 2022. The rules about deposits and withdrawals not earning interest in the month of transaction has remained the change. And the EFFECT is still that the cpf pays interest based on the LOWEST BALANCE in the month

When wsws24 gets his reply, I will then say "I told you so"

 

[reddevil0728]

This started in the Treasury Bills thread. I then posted in this thread because it's here that dork32 posted his illustration. I hv no wish to start over again in yet another thread

it's your choice.

Wsws24 has written to cpf again. I am 100% sure nothing has changed between 2017 and 2022. The rules about deposits and withdrawals not earning interest in the month of transaction has remained the change. And the EFFECT is still that the cpf pays interest based on the LOWEST BALANCE in the month

When wsws24 gets his reply, I will then say "I told you so"

btw its vsvs24.

I am more than happy to stand corrected. I don't have as big of an ego to insist I am right and claim that i am 100% sure nothing has changed.

 

[audeze]

I am more than happy to stand corrected. I don't have as big of an ego to insist I am right and claim that i am 100% sure nothing has changed.

Nothing to do with ego. There is nothing to indicate that Illustration 2 by cpf is inconsistent with the 2022 statements. Why do you keep repeating this fallacy?

It is only inconsistent IF dork32 was right in his Case 4 scenario that interest is payable only on 9k. But it is now clear that dork32 was wrong hence there is NO inconsistency

 

[reddevil0728]

Nothing to do with ego. There is nothing to indicate that Illustration 2 by cpf is inconsistent with the 2022 statements. Why do you keep repeating this fallacy?

It is only inconsistent IF dork32 was right in his Case 4 scenario that interest is payable only on 9k. But it is now clear that dork32 was wrong hence there is NO inconsistency

Obviously there is that’s why there is a disagreement?

It is NOT a consensus that your interpretation is right.

 

[audeze]

Obviously there is that’s why there is a disagreement?

It is NOT a consensus that your interpretation is right.

Why aren't you addressing my question about whether u agree that dork32 is wrong in his Case 4 example? Why you conveniently try to avoid answering this question?

 

[reddevil0728]

Why aren't you addressing my question about whether u agree that dork32 is wrong in his Case 4 example? Why you conveniently try to avoid answering this question?

No worries. I will reply but I have replied here.

https://forums.hardwarezone.com.sg/threads/how-is-my-cpf-interest-computed.6816058/
definitely would not want to conveniently avoid like what you did.

 

[dork32]

Actually dork's post #2339, the link to CPF FAQ Para 2. If we follow the English strictly which I believe is the way then it's really very simple. All inflow only earns interest next month, all outflow does not earn interest in the current month. The only exception I can think of is OA > SA transfer in that OA does not earn interest in the current month and SA does earn interest from the beginning of the current month. So don't really have to think of the 4 scenarios right?

actually i put up 4 cases to check if the statement of paying interest based on the lowest monthly balance is correct based on the current rules that is posted on the web.

 

[dork32]

Why aren't you addressing my question about whether u agree that dork32 is wrong in his Case 4 example? Why you conveniently try to avoid answering this question?

if dork is wrong for case 4, then dork is also wrong for case 3. which also means interest is not being paid for lowest balance, which is what dork is trying to drive at.

 

[dork32]

If we follow the English strictly which I believe is the way then it's really very simple. All inflow only earns interest next month, all outflow does not earn interest in the current month.

i know my england very jialat. at least i know there are some people out there that understands england as i do

 

[audeze]

if dork is wrong for case 4, then dork is also wrong for case 3. which also means interest is not being paid for lowest balance, which is what dork is trying to drive at.

No. Yr Case 3 is correct and is consistent with cpf Illustration 3 I.e. interest paid on lowest balance in the month.

Only yr Case 4 is wrong.

 

[audeze]

No worries. I will reply but I have replied here.

So why can't you reply here?

 

[audeze]

Actually dork's post #2339, the link to CPF FAQ Para 2. If we follow the English strictly which I believe is the way then it's really very simple. All inflow only earns interest next month, all outflow does not earn interest in the current month. The only exception I can think of is OA > SA transfer in that OA does not earn interest in the current month and SA does earn interest from the beginning of the current month. So don't really have to think of the 4 scenarios right?

This is not the issue at all. Nobody is disputing that inflows and outlows do Not earn interest during the month.

The issue is what happens when u hv an outflow that happens AFTER an inflow in the same month.

Dork32 and reddevil seems to believe that this outflow will reduce your interest-earning portion

But as shown in my post 2347, cpf will actually use up your inflows FIRST before reducing yr interest-earning portion

 

[dork32]

So why can't you reply here?

wat reddevil is doing is correct. this thread us called cpf info thread.

dork and audeze, is spoiling the thread with all their irrelevant post. reddevil is saying to dork and audeze to take your quarrel else where on not flood this nice thread with the lousy posts

 

[reddevil0728]

wat reddevil is doing is correct. this thread us called cpf info thread.

dork and audeze, is spoiling the thread with all their irrelevant post. reddevil is saying to dork and audeze to take your quarrel else where on not flood this nice thread with the lousy posts

So why can't you reply here?

yep. there is a thread created for that specific purpose we should use that thread. if not when people report for derail, mod will come and issue infractions.

 

[Geralt]

@audeze please keep the conversation in that CPF thread that @reddevil0728 created. We get you're frustrated but it was also very frustrating for the rest of us who didn't want to read so many posts arguing the same thing over and over again and derailing the conversation. Thanks.

 

[audeze]

dork and audeze, is spoiling the thread with all their irrelevant post. reddevil is saying to dork and audeze to take your quarrel else where on not flood this nice thread with the lousy posts

You are a joke. Why are u writing in the 3rd person as though dork is someone else? Wake up You! You are talking about yourself!

 

[audeze]

Sure, it was dork32 who posted here in post 2256 first but I get your frustration. I will stop further discussion here on this matter - reddevil and dork32 can delude themselves for all I care

 

[reddevil0728]

Sure, it was dork32 who posted here in post 2256 first but I get your frustration. I will stop further discussion here on this matter - reddevil and dork32 can delude themselves for all I care

nope. not deluding, but rather we believe in facts and logic.

You are always welcome to carry on the conversation in a civil manner here.

 

[audeze]

nope. not deluding, but rather we believe in facts and logic.

Hard to swallow coming from someone who has not provided any facts or logic throughout this discussion but only silly statements

 

[reddevil0728]

Hard to swallow coming from someone who has not provided any facts or logic throughout this discussion but only silly statements

Again that's where we fundamentally disagree right.

you and I aren't the arbiter of what is the facts or logic on behalf of everybody.

but we both can have our own opinion of what we believe are facts and logic.

I am very accepting of that and that i can be wrong, but you posts have shown that you aren't.