CPF Account Value Thread 2023

[reddevil0728]

The MA number is too "whole". Usually with interest, the number wouldn't come so nice assuming no medishield deduction.

BHS…

 

[JuniorLion]

- professional in early 30s
- no top up
- not withdrawn for investment or housing
- regularly transfer OA to SA
- have only used MA for paying integrated healthshield insurance premium

Thanks for sharing!

 

[peterchan75]

BHS…

All the CPF account balances will have decimal due interest accrual. Very unlikely, an account will end up with a whole number.

 

[reddevil0728]

All the CPF account balances will have decimal due interest accrual. Very unlikely, an account will end up with a whole number.

With the exception of MA.

you aware of how basic healthcare sum works?

and MA overflow?

 

[peterchan75]

With the exception of MA.

you aware of how basic healthcare sum works?

and MA overflow?

Oh I see, max out at $60K, extra go back to other account?

 

[sohguanh]

Oh I see, max out at $60K, extra go back to other account?

For MA I can vouch as it happen to me. MA over 66k those amount overflow to your OA. No way think you can withdraw those cash out. This is one super cunning CPF scheme. Lock and throw the key away is the default until you reach their criteria at their determined age then open the door ajar bit let you take a bit each time

 

[peterchan75]

For MA I can vouch as it happen to me. MA over 66k those amount overflow to your OA. No way think you can withdraw those cash out. This is one super cunning CPF scheme. Lock and throw the key away is the default until you reach their criteria at their determined age then open the door ajar bit let you take a bit each time

Once reach 55, can withdraw all from OA. Then again, most don't.

 

[sohguanh]

Once reach 55, can withdraw all from OA. Then again, most don't.

Not unless your RA is formed which so far is 192K. This 192K take to form RA. Then only remaining you can take out first from SA then OA. 192K is last year this year should increase. Maybe 200K. Those reaching 55 later can go count how much needed based on past increase quantum. Their is a few K increase not a few hundred increase. I am not surprised later it reaches 250K or maybe 300K. All the best to young readers in this forum

 

[reddevil0728]

Oh I see, max out at $60K, extra go back to other account?

For MA I can vouch as it happen to me. MA over 66k those amount overflow to your OA. No way think you can withdraw those cash out. This is one super cunning CPF scheme. Lock and throw the key away is the default until you reach their criteria at their determined age then open the door ajar bit let you take a bit each time

Though might be “cunning” still probably one of the the best pension system out there.

 

[sohguanh]

Though might be “cunning” still probably one of the the best pension system out there.

That is your opinion does not speak for everyone. If a vote is to be cast to decide if it is cunning or not you will be surprised but then knowing their style it won't happen. So yes if you think it is the best by all means. To me personally it is wily cunning twisted evil plan

 

[henrylbh]

Looking at TheFinance.sg, 2 bloggers have already posted their CPF interest (you can guess the amount from the interest plus or minus)... I expect more to do so soon, same pattern as last year.

I also expect at least one blogger to post about why it is bad to post your CPF balances online

My 2022 CPF interest across all the accounts dropped by $847.70 for the first time

 

[JuniorLion]

My 2022 CPF interest across all the accounts dropped by $847.70 for the first time

How come?

 

[kickass22]

How come?

Probaly invested the sums into Tbills or something equvialent. Told you half the story.....

 

[havetheveryfun]

My 2022 CPF interest across all the accounts dropped by $847.70 for the first time

My father's CPF interest also dropped after 1st year on CPF Life.

seems like CPF Life monthly payout deducts from the RA.. wonder what would they deduct when the RA hits $0.

 

[reddevil0728]

My father's CPF interest also dropped after 1st year on CPF Life.

seems like CPF Life monthly payout deducts from the RA.. wonder what would they deduct when the RA hits $0.

from the pool.

 

[Gambler.]

The MA number is too "whole". Usually with interest, the number wouldn't come so nice assuming no medishield deduction.

bhs is 66k lah brother

 

[sohguanh]

My father's CPF interest also dropped after 1st year on CPF Life.

seems like CPF Life monthly payout deducts from the RA.. wonder what would they deduct when the RA hits $0.

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

 

[havetheveryfun]

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

but thought still got money given to nominee if pass away early ?

 

[reddevil0728]

but thought still got money given to nominee if pass away early ?

yes still got bequest. but also depends on what plan you select

 

[sohguanh]

but thought still got money given to nominee if pass away early ?

That is cpf sa oa etc monies. The pool is referring to the RA that is formed at age 55. Default is standard plan. If you short life can opt for basic plan

Update: Knowing their cunning devious style they may soon phase out basic plan and force everyone onto standard and escalating. They do it for FRS that keep changing so not stopping them to change again

https://www.cpf.gov.sg/member/faq/r...payouts/what-are-the-cpf-life-plans-available