Something to ask about CPF allocation

[billiejoe]

HI, i thought if u top up cpf using cash, the money will be locked till 65 then u get it monthly?

yeah i will have to think hard about it..

with the FRS keep increasing every each and i am no way near FRS now.

I calculated.. if i don't do cash top up CPF.. if i sell my flat at 55 .. Probably they will move around 100k into retirement account. So i just have to have discipline to top my Special account to FRS before 55. Then when i sold my house.. like i will have all the proceed into my OA.. which can be withdrawn

 

[evildoer]

HI, i thought if u top up cpf using cash, the money will be locked till 65 then u get it monthly?

yeah , the retirement account is for cpf life. there is no way of getting it back.

i don't know how to invest. 4% interest sound good.. i meant when 65 .. if can get monthly payout from 2500 in cpf life. then plus my monthly flat rental amount (rental is tied to inflation right ?, (meaning i can expect to at least the same amount or slighty higher rental fee as years goes by right ) .. i should be ready. and no need to collect carton boxes for meal. when i am 65. Mayb do a part time job.

 

[stingray1211]

i am in this sad situation.
i want to sell my flat.. but i can't now , i need to rental the cover part of my parents allowance and medicine fee, the rest i will use it to top up into my special account. So i definitely cannot sell now ... but the flat is close to 50 years.. and it will begin to lose value.. i think i will maybe sell once i hit FRS or just hold on the flat and collect rental as long as i live.

actually this way of thinking is weird..

you sell you get cash and lump sum into OA. invest those money and they likely will earn same or higher than your rental yield per year..

the key is to invest the proceeds from your home wisely. e.g. $500k at 4% = $20k. tax free.


Read HWZ Forum Rules!

 

[evildoer]

actually this way of thinking is weird..

you sell you get cash and lump sum into OA. invest those money and they likely will earn same or higher than your rental yield per year..

the key is to invest the proceeds from your home wisely. e.g. $500k at 4% = $20k. tax free.


Read HWZ Forum Rules!

i am getting 33.6k annually from the rental .. but sujected to property (non owner occupied rate) and income tax

 

[1982-1994]

Eh you people are derailing my thread topic leh, knn shall report all of you

 

[mgx-alander]

To me no diff.. i move OA to SA on a periodic basis so that its always 1/3 oa 2/3 sa

 

[1982-1994]

To me no diff.. i move OA to SA on a periodic basis so that its always 1/3 oa 2/3 sa

Ever thought of that but don't wish to risk it in case I tio retrenched someday
My OA only about $22k

 

[zzangiefzz]

51 56 no real difference, question is why 44 49 is going into RA which is never return to you

 

[1982-1994]

question is why 44 49 is going into RA which is never return to you

Don't understand

 

[stingray1211]

i am getting 33.6k annually from the rental .. but sujected to property (non owner occupied rate) and income tax

just need to weight it against a depreciating asset. unless you got chance sers or some lucky draw ..

you need to plan and try to catch that tipping point. else soon, it will start to drop in value and the rental doesn't make sense.

else people should plan for worse case and start to change their plans.
sometimes less is more. less headache to deal with tenants and such things.


Read HWZ Forum Rules!

 

[1982-1994]

@evildoer ,@stingray1211, @shodan99 , @8zaoyu ,@coyote

Would appreciate if you discuss such topic elsewhere, don't want to see unrelated topic flooding my thread, thanks

 

[Flexamoria]

I am turning 45 next year, so my OA allocation is it 0.5677 or 0.5136?

Gxgx, more cash u getting

 

[mgx-alander]

Ever thought of that but don't wish to risk it in case I tio retrenched someday
My OA only about $22k

??? Retrenched got wat to do with ur cpf?

U mean cos u using cpf to pay hdb loan scared no moolah to deduct?

 

[1982-1994]

Gxgx, more cash u getting

Still the same isn't it? Unless after 55

 

[1982-1994]

??? Retrenched got wat to do with ur cpf?

U mean cos u using cpf to pay hdb loan scared no moolah to deduct?

My HDB loan is 25 years till 67yo leh

 

[mgx-alander]

My HDB loan is 25 years till 67yo leh

Im a bbfa so i dun have hdb loan

 

[PeanutButterJellyfish]

Errr....so why the allocation is still the same despite I have turned 45 on 12 march? It's the second CPF contribution since then

Write to CPF and see what they say
By the definition on their website, you should have move to the next bad

 

[Flexamoria]

Still the same isn't it? Unless after 55

For you ish little, for some it means alot

 

[1982-1994]

For you ish little, for some it means alot

Unless one is above 55, cash portion remains the same

 

[mgx-alander]

Unless one is above 55, cash portion remains the same

Ur oa might not have enuff once the contribution laosai at 55 thats a danger and u still got 12 years!