CPF Account Value Thread 2023

[henrylbh]

up till now might be factually correct

Present one will certainly turn to fact Who has more runs than me to substantiate sure win
Actually before the first one, I held one jointly with parent and passed to sibling at cost (with getting back accrued CPF interest) and sibling passed to sibling to siblings to sibling until sold for gain of 400.5k by the last sibling who kept the gain for ownself.

 

[reddevil0728]

Present one will certainly turn to fact Who has more runs than me to substantiate sure win

up to know. in future is never a certainty. so is never a sure win.

you only know it is a certainty after the fact

 

[henrylbh]

up to know. in future is never a certainty. so is never a sure win.

you only know it is a certainty after the fact

You can don't accept future can be fact. But like he said sure win and it' is what is it

 

[reddevil0728]

You can don't accept future can be fact. But like he said sure win and it' is what is it

well i guess we share different definition of what "sure win" and "fact". one is closer to reality than the other.

 

[AlanKohCD]

To add to the confusion, for Basic Plan, you start drawing your principal as well from the pool

My understand is that the pool $$ only start after your principle is zero.(means after 80 years old.)
if pass away before 80 years old. This pool interest of estimate 6% for about 20 years will go to the pool not you.

 

[dork32]

My understand is that the pool $$ only start after your principle is zero.(means after 80 years old.)
if pass away before 80 years old. This pool interest of estimate 6% for about 20 years will go to the pool not you.

yeah lah, on standard, your principal hit 0 when you are 80 lah

6% interest only when you have 60k. most of us will have more than that.

where got 20 years? 65 payout starts. how you count?

who say you can die at 80. our gurus here say we will live till we are 120. so the pool is really beneficial to us.

 

[henrylbh]

yeah lah, on standard, your principal hit 0 when you are 80 lah

6% interest only when you have 60k. most of us will have more than that.

where got 20 years? 65 payout starts. how you count?

who say you can die at 80. our gurus here say we will live till we are 120. so the pool is really beneficial to us.

If gurus are half right only then CPFL will be bankrupt if no change in the payouts. If CPFB were to believe the gurus, CPFB would never give the amount of life payouts that they estimated presently.

 

[henrylbh]

My understand is that the pool $$ only start after your principle is zero.(means after 80 years old.)
if pass away before 80 years old. This pool interest of estimate 6% for about 20 years will go to the pool not you.

Your understanding is not complete.

For Basic Plan, a portion of your RA go into the pool when you decide to start CPFL and you basically get payout from your remaining RA till it is exhausted to just before 90. When RA is exhausted then you start to get payout from the pool.

For Standard and Escalating Plans, all your RA go into the pool when you decide to start CPFL and you basically get payout from the principal in the pool till it is exhausted around 80. So if you mati around that age, bye bye to what is left in the pool.

 

[GenerationX]

Wife and I already staying in house, paying off the home loan by cash.

wow pay by cash. power

 

[Shion]

Here's mine, as at today

 

[minamikaze]

What's the last day this month that I should top up my CPF SA, in order to enjoy interest for the month?

 

[reddevil0728]

What's the last day this month that I should top up my CPF SA, in order to enjoy interest for the month?

for the month i.e., Jan?

31 Dec

 

[havetheveryfun]

Here's mine, as at today

Why u expose urself

 

[abcde83]

Here's mine, as at today

V gd.
When i was ur age, i don't even bother to read up on cpf...

 

[Squaredot]

V gd.
When i was ur age, i don't even bother to read up on cpf...

how old is @mrclubbie ?

 

[wira]

It is a big pool where all same era ppl put their RA. Those short life ppl monies will help to subsidize those long life ppl. Cpf life scheme is a scheme which reward long life ppl. So if you predict you short life you get the shorter end of the stick a stupid scheme IMHO

i am confused.
Regardless of which CPF life plans you opt for, your nominees can still get $ if you pass away early correct ?

From CPF Site:

How much CPF LIFE premium balance will my beneficiaries receive when I pass away?
After you pass away, your beneficiaries will receive your CPF LIFE premium balance, which is the total CPF LIFE premium that you have paid less the total payouts you have received from your premium, together with any remaining CPF savings.
For example, if you paid a CPF LIFE premium of $200,000 and pass away after receiving a monthly payout of $1,000 for ten months, we will pay your CPF LIFE premium balance of $190,000 (i.e. $200,000 - [$1,000 x 10 months]) together with any CPF savings to your beneficiaries.
On the other hand, if you pass away before receiving any payouts, we will pay your CPF LIFE premium balance of $200,000, together with any remaining CPF savings to your beneficiaries.

 

[zoneguard]

Regardless of which CPF life plans you opt for, your nominees can still get $ if you pass away early correct ?

It's the interest on the LIFE premium. Nominees don't get any interest paid on the LIFE premium as that goes to the pool - they get only the premium less any payouts.

Only the balance that stays in RA for the LIFE basic plan earns interest that stays in RA. For Standard and Escalating plans, all premium goes to the pool.

 

[havetheveryfun]

V gd.
When i was ur age, i don't even bother to read up on cpf...

how u know how old is he

 

[abcde83]

how u know how old is he

i guess he's young or at least younger than me.

 

[AlanKohCD]

It's the interest on the LIFE premium. Nominees don't get any interest paid on the LIFE premium as that goes to the pool - they get only the premium less any payouts.

Only the balance that stays in RA for the LIFE basic plan earns interest that stays in RA. For Standard and Escalating plans, all premium goes to the pool.

Yes. correct. The interest in the Life premium is not for you. is for the pool.