CPF Easy Info Thread. :)

[iMac]

Uncle Henry and Bro Dork are doing it again....

 

[dork32]

My dad top up about 90k to RA. Now RA got 150k.


However, for his property, there is accrued interest of 73k and OA of 70k locked in property. If he were to sell his property one day, would the accrued interest eat up all the profits?

Best not to sell the property at all?

hi angelica, your dad ra is now at 150k, if he is 65 now he will receive a payout of about 1000 a month. he is allowed to top up more into the ra so that his he can get a higher monthly payout . but topping of his ra will affect the his emergency cash. so please analyze the situation properly before topping up

does the way i answer this post makes sense? this is what henry is doing.

 

[dork32]

Uncle Henry and Bro Dork are doing it again....

henry is at it. i am tokking to angelica. we are tokking about accrued interest affeecting profit and withdrawals.

i already mentioned that the shortfall of the ra to frs is what that affects the withdrawal.

he come in and say 181k is not the frs because i do not know the age. he is just want to attack everything i said.

 

[dork32]

Uncle Henry and Bro Dork are doing it again....

if henry wants to say that i am wrong, comment on the statement" it is the shortfall of ra to frs that affects withdraw when you sell the property, not the accrued interest."

otherwise just shut up.

but at least henry is one step better than maple. he comes in and say why it is wrong. maple will just shout fake news and it is my secret and i dont want to share.

henry would have noticed the glaring importance of the 131k in maple's post. he did not mention one word.

 

[henrylbh]

this is what i meant that you are just picking on the me. so if the 181k is wrong, it is probably some numbers less that 181k, the amount that he can withdraw is even more.

notice i used those numbers as an illustration. you can adjust the numbers to suit your own needs.

the point that i am driving is accrued interest does not affect the profits, withdrawal,
not the frs is 181k or 178k

henry, you are trying to hit me so desperately that you are posting out of point rubbish

you very sensitive, if not ....

Not faultinng the numbers but the understanding of how thing worked, not just accrued interest. No use half answer. If that's all you know and wanna to say, just be mention that principal sum and interest need to be repaid period. Add more, you 'kaykiang'

 

[dork32]

you very sensitive, if not ....

Not faultinng the numbers but the understanding of how thing worked, not just accrued interest. No use half answer. If that's all you know and wanna to say, just be mention that principal sum and interest need to be repaid period. Add more, you 'kaykiang'

yes you are faulting the numbers.

it is a half answer because the father's age was not provided. do we want to waste time chasing after all this number if it does not affect the picture.

now your answer is even worst than a half answer. it is not even an answer. angelica already nows that the principal and interest have to be repaid. this is why she is hesitant to sell the property. why bother to tell her this again?

you have to tell her that the principal and interest that is paid back can be withdrawn.

this is not kaykiang, this is real gong. people ask A you answer B

 

[dork32]

you very sensitive, if not ....

Not faultinng the numbers but the understanding of how thing worked, not just accrued interest.

my understanding is
1. interest and principal has to be refunded when you sell you house
2. if the ra exceeds frs after the refund, this refund can be withdrawn.

which part of my understanding of how things worked is wrong

 

[henrylbh]

if henry wants to say that i am wrong, comment on the statement" it is the shortfall of ra to frs that affects withdraw when you sell the property, not the accrued interest."

otherwise just shut up.

but at least henry is one step better than maple. he comes in and say why it is wrong. maple will just shout fake news and it is my secret and i dont want to share.

henry would have noticed the glaring importance of the 131k in maple's post. he did not mention one word.

Please don't drag me or others in.

 

[dork32]

Please don't drag me or others in.

you are in this meaningless argument. and you are the one that started it.

i did not drag imac in either, he commented. i respond to his comment.

and please do not post these rubbish. get straight to the point. which part of my understanding is wrong. and which part of my illustration does not support my understanding, other than frs is not 181k

 

[dork32]

or do you want to tell angelica that 70k and 73k is accurate enough.

it is actuallly 70,235.45 and 72,889.12. otherwise the amount that is to be refunded is going to be different.

these numbers does not matter. it can be any trash,150k and 150k is also ok. just replace it and you will get your own personalized answer.

 

[henrylbh]

my understanding is
1. interest and principal has to be refunded when you sell you house
2. if the ra exceeds frs after the refund, this refund can be withdrawn.

which part of my understanding of how things worked is wrong

Nothing wrong in your understanding this far.

It's the number (31k in the example) you applied that could be amissed.

Even if applicable FRS is 181k and RA is 150k, it does not mean 31k must go to RA, though that could be the *minimum* meaning it could be more as some amount in RA does not count in meeting FRS.

 

[dork32]

Nothing wrong in your understanding this far.

It's the number (31k in the example) you applied that could be amissed.

Even if applicable FRS is 181k and RA is 150k, it does not mean 31k must go to RA, though that could be the *minimum* meaning it could be more as some amount in RA does not count in meeting FRS.

what do you mean some amount of ra does not count towards frs.

my understanding is everything in the ra counts towards frs.

my understanding is rstu amount do not count towards brs.

if you can give an example which part of ra do not count towards frs, you would have contributed tremendously here.

if you can give an example, you have the full right to say that i post rubbish. otherwise please stop posting rubbish.

and if i do post rubbish, i am not afraid to admit it. i have shown this

 

[henrylbh]

Better let dork32 say whatever he knows about CPF. I won't comment directly from now

 

[dork32]

Better let dork32 say whatever he knows about CPF. I won't comment directly from now

wonderful you are becoming maple number 2. got answer like no answer. and please do not comment if it is trash that you are commenting.

 

[henrylbh]

wonderful you are becoming maple number 2. got answer like no answer. and please do not comment if it is trash that you are commenting.

You seem to like to drag others in for support or self consolation or brand all who got reason not to give direct answers for the way you chiong

 

[qhong61]

Uncle Henry and Bro Dork are doing it again....

Both are rich in cpf...

 

[dork32]

You seem to like to drag others in for support or self consolation or brand all who got reason not to give direct answers for the way you chiong

i am not going for any support. i am going for facts. notice, i am not afraid to praise people for making a good post. i am also not afraid of gunning anything that i feel is not right.

you dont want to give a direct answer then dont bother to answer at all.

 

[dork32]

Both are rich in cpf...

who says i am rich in cpf, i dont even half the amount that kenny has. ocs is younger than me, but he has so much that he is topping up for his kids already.

also we have more than a lot of you because we are much older than most of you. by the time you reach our age, you will probably have just as much. you would be surprise how fast the cpf grows when you start aging.

 

[henrylbh]

if you can give an example, you have the full right to say that i post rubbish. otherwise please stop posting rubbish.

and if i do post rubbish, i am not afraid to admit it. i have shown this

Ok no need to admit you post incomplete info.

One last simple example or rather a rule of CPF for you and no more comments from me cause you will add multiple comments.

Whatever Angelica093 father has in RA, the inerest thereon does not count towards meeting FRS. So it's not a simple case of FRS less RA to make good.

 

[dork32]

Whatever Angelica093 father has in RA, the inerest thereon does not count towards meeting FRS. So it's not a simple case of FRS less RA to make good.

well done. this is a valid point if it is true. i admit that my calculation would be wrong if this is true. is it stated anywhere in the cpf site? how does this number look like our own account? i always thought that he frs stops increasing once you hit 55.

you could have stated this earlier. it will reduce a lot ding dong post which do not add value.