CPF chats

[cal3135]

Spoken to CPF last week & was being explained true as long u reached FRS..

confirm and double confirm? i rem @maple posted many posts ago say cannot. thats why all take it cannot D

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[Thoreldan]

Yes .. u be able to withdraw .. as long reached FRS... (BRS is diffn)

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This is the correct answer.

 

[Thoreldan]

Spoken to CPF last week & was being explained true as long u reached FRS..

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Yup that's why always good to hit frs asap

 

[maple96]

Pls be clear when u talk about withdrawal, from which account u are withdrawing from.

OA+SA = FRS will be transferred to RA at 55

Balance in OA+SA can be withdrawn anytime after 55

RA = if it contains cash topups from SA, cannot be withdrawn as lumpsum via schemes available from 55-65, eg if u pledge property to withdraw 50% of FRS=BRS

(buay tahan all the chicken and duck talk)

In the FD thread, I only talk about withdrawals from RA, I never talk about withdrawals from OA+SA. Pls go read it again.

 

[yongsaver]

Spoken to CPF last week & was being explained true as long u reached FRS..

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@peppermint. u should be very happy liao. your 100K can come out at age 55 liao.

 

[henrylbh]

ok. now we back to the RSTU can/cannot withdraw above FRS.

@peppermint - i think the best is for u to ask CPF directly with your personal example.

do their online chat thing cos i suspect most of them working from home.

Any balance after meeting FRS at 55 can be withdrawn at any time and in any amount you like.

 

[peppermint7]

Spoken to CPF last week & was being explained true as long u reached FRS..

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Haha i saw your post 1 year back

https://forums.hardwarezone.com.sg/118662280-post8.html

 

[maple96]

@peppermint. u should be very happy liao. your 100K can come out at age 55 liao.

U dun understand, pls dun mislead her and create all the confusion here

 

[peppermint7]

Any balance after meeting FRS at 55 can be withdrawn at any time and in any amount you like.

Thanks for the confirmation

@peppermint. u should be very happy liao. your 100K can come out at age 55 liao.

I don't have 2 million la. I need it to slowly stream out like a river as cpf life..

 

[peppermint7]

no wonder kan cheong. vested.

me not vested also kan cheong.

ok. tomorrow if free, i go ask CPF hor. settle this once and for all.

Me not kan cheong. Cos i don't have 2 million . Have less. Worry less.

 

[yongsaver]

Any balance after meeting FRS at 55 can be withdrawn at any time and in any amount you like.

yes. this was first understanding. later on, 2nd understanding is if use cash for RSTU, cannot take out. Now 3rd understanding is my first understanding is correct. hopefully this is the final understanding.

 

[maple96]

confirm and double confirm? i rem @maple posted many posts ago say cannot. thats why all take it cannot liao.

if confirm and double confirm with CPF one, me dont need to ask liao.

u dunno what u are reading, dun flame me!

Pls be clear when u talk about withdrawal, from which account u are withdrawing from.

OA+SA = FRS will be transferred to RA at 55

Balance in OA+SA can be withdrawn anytime after 55

RA = if it contains cash topups from SA, cannot be withdrawn as lumpsum via schemes available from 55-65, eg if u pledge property to withdraw 50% of FRS=BRS

(buay tahan all the chicken and duck talk)

In the FD thread, I only talk about withdrawals from RA, I never talk about withdrawals from OA+SA. Pls go read it again.

 

[Thoreldan]

This confusion has been brought up thousands of times. Should be made into a sticky or something

 

[yongsaver]

u dunno what u are reading, dun flame me!

ya. got to admit your post is many a times too chim for my simple mind.

 

[maple96]

ya. got to admit your post is many a times too chim for my simple mind.

it is too simple, split hairs, until your complicated mind cannot understand, u said that!

I only talk RA, which u are not ready yet

 

[yongsaver]

it is too simple, split hairs, until your complicated mind cannot understand, u said that!

I only talk RA, which u are not ready yet

yep. plus that time u talk about your special financial calculator which u expert in and derived from some reverse engineering one. me look at it and its just simple financial maths. really very chim for me...

 

[maple96]

yep. plus that time u talk about your special financial calculator which u expert in and derived from some reverse engineering one. me look at it and its just simple financial maths. really very chim for me...

Anyway, when I posted in FD thread, my focus was to help peppermint understand her circumstances, her big topup to SA when moved to RA cannot be withdrawn.

I was explaining to her withdrawals from RA, difference between CPF LIfe Plan and Retirement sum amts (BRS, FRS, ERS) and how her sa topups affect her after it is moved to RA.

But u people jump in without understanding even the basics.

But I was glad she understood her cash topup to SA does not lead to forcing her to choose Standard Plan

Talking about the calculator - it is simple for me, but your financial maths is too chim for me. But u said the calculator is same as your excel, use excel better. To me excel with formula is too complicated. If there is a calculator why not use

 

[maple96]

I already said all CPF threads always lead to chicken and duck debate. It will never end with new comers joining. Tonight I am working, so got time to post.

I better tahan and leave all these debate, unless anyone start to flame me

I am degree level, that's why

 

[peppermint7]

But I was glad she understood her cash topup to SA does not lead to forcing her to choose Standard Plan

Thanks maple for your help in clearing my confusion. now i have a clearer pic of where I'm heading to. Grateful..

 

[JetStorm]

Hi guys... just to check... assuming already hit FRS of 181k and 50k out of the 181k are from topups. If I pledge property... can I withdraw 90.5k or only 40.5k?

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