CPF Account Value Thread 2023

[FlyGuardX]

hey guys how much is in your OA when you make your first house purchase?

 

[BBCWatcher]

hey guys how much is in your OA when you make your first house purchase?

Zero.

 

[DevilPlate]

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

Or he can be self employed.

 

[hwmook]

hey guys how much is in your OA when you make your first house purchase?

80-100k, don't think it's matter. It depend on how much does the house cost vs your own income.

 

[andyhtc]

My mother is on RSS.

I top up her CPF RA every month. She also works part time and has some employer's contribution.

She is getting slightly more CPF payout every month.

 

[AlanKohCD]

My mother is on RSS.

I top up her CPF RA every month. She also works part time and has some employer's contribution.

She is getting slightly more CPF payout every month.

Do the CPF monthly payout include any interest?

 

[andyhtc]

Do the CPF monthly payout include any interest?

Yes. All included.

 

[Shion]

how old is @mrclubbie ?

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

I am 31 this year.

 

[abcde83]

I am 31 this year.

im going to strike toto next Friday .

 

[Squaredot]

I am 31 this year.

so young, I envy

 

[abcde83]

so young, I envy

me too.....

 

[Squaredot]

me too.....

u 83? also young mah

 

[henrylbh]

hey guys how much is in your OA when you make your first house purchase?

I had $2,675.96 in OA in the preceding year when I had my first flat jointly with my father.
2nd flat jointly with spouse was $37,622.50 excluding amount under CPFIS
3rd flat jointly with spouse was $222,465.98 excluding amount under CPFIS
Subsequent 2 flats paid by cash/loan even though CPF is more enough for purchase price of $642k and then $440k (present flat).

 

[Nofear40]

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

What about the remaining RA amount? From the posts, seems that the nominees can get ?.

 

[henrylbh]

What about the remaining RA amount? From the posts, seems that the nominees can get ?.

If you opt for CPFL Basic Plan, you have RA and will draw payout including principal and interest until RA runs dry. If you kaput with RA balance, it goes to your nominee or estate. But you kiss good bye to the RA deducted as annuity premium when joining CPFL together with the interest accreted.

 

[zoneguard]

What about the remaining RA amount? From the posts, seems that the nominees can get ?.

For LIFE Basic, most of RA remains. For Standard/Escalating, RA is wiped clean when the LIFE premium is deducted. So zero RA balance for those 2 plans.

 

[Nofear40]

For LIFE Basic, most of RA remains. For Standard/Escalating, RA is wiped clean when the LIFE premium is deducted. So zero RA balance for those 2 plans.

So basic is better for those who want to leave cash behind for their loved ones..
I suppose one will be getting higher monthly payout for standard & escalating plans.

 

[Squaredot]

For LIFE Basic, most of RA remains. For Standard/Escalating, RA is wiped clean when the LIFE premium is deducted. So zero RA balance for those 2 plans.

The monthly payout for LIFE Basic and Standard slightly different only...why go for
LIFE Standard

 

[a4973]

The monthly payout for LIFE Basic and Standard slightly different only...why go for
LIFE Standard

Shhhh!!!!! If more flock to Basic Plan , goalposts may shift or even worse Basic Plan gets scrapped altogether.

 

[dork32]

The monthly payout for LIFE Basic and Standard slightly different only...why go for
LIFE Standard

if you got no one to leave the money to.
if you believe that you can live forever.