CPF Easy Info Thread. :)

[PC-User]

...Now u change your question or your doubts again plus asking a question which is not related to the answer. u quote Oops what is happening in your mind? ...

That is a natural 'further discussion' following someone's answer. What is happening on whose mind?

No wonder there are always debates.

 

[maple96]

Huh?? I think even AI could understand better right?

U think what, I am a human, u are AI issit and can only work with AI, then go ask Jamie not here, u treat all forumers as your AI

And answering a simple Yes or No is called spoon feed?? Even the questions are self explanatory needing no further effort. It's not like asking 'Someone please tell me how the whole thing works'.

Probably too simple an answer is not sufficient to show off one's knowledge on the topic...

I provide answers that teach people how to fish, how to find answers from the CPF website to satisfy themselves. Not answers where u still need to do much more additional due diligence to confirm the facts. I clearly provided answers to u, but u have mental block, cannot think for yourself with an answer “U can withdraw 50% of FRS (88k) – this is obviously answering your question that u cannot withdraw the interest. But u only want to hear Yes or No, and continue to ask a few times so u need not have to think for yourself, that is spoon feeding to the max! If u trust a Yes or No answer in the forum, goodluck to u. Trolling and I fell into your trap to spoon feed u

I never provided any answers or more info which is not related to the question asked, those are just facts to support the answer in case u are not aware how and when you can withdraw 88k, it has to be assumed, plus assuming u are smart enough to know what u are doing to withdraw 88k so fast.

It is a showoff when one provides answers beyond or outside the scope of what u are asking. If u think I have done it, that's too bad. U have the right to assume. But seems u like the showoff by someone else

Anyway, this will be my last offer of info for u. I agree, u are too smart for me to be of any help. Goodluck!

By the way, u should try using the CPFB Ask Jamie, an AI, see what u get

(I have deleted all posts which u deemed are showoffs)

Some guys spend 1 hour a day on these forums alone.

You can see them posting and being active here all the time.

Unless you are Shiny Things making money selling his book through this forum, this is stupidity.

I have been mulling over this post, stupid of me to share so much here, I shall call it quits

 

[Value.Matrix]

Just take it that you can kiss good bye to the interest

If you withdraw 88k (assuming that's half of prevailing FRS) at 55, there is no attributable interest to talk about.

But if you withdraw 88k, say at 65, the accumulated interest on 176k from 55 cannot be withdrawn. The interest till then will go to CPF Life according to the plan chosen.

Hmm. Interesting. There was a quote from CPF that allows you to draw 20% (which include the $5,000 at 55) of the current value at 65 (meaning if 55 you have 90k, you can withdraw more than 18k at 65). This was reported in the news, and I did my own calculations to confirm this.

 

[henrylbh]

Hmm. Interesting. There was a quote from CPF that allows you to draw 20% (which include the $5,000 at 55) of the current value at 65 (meaning if 55 you have 90k, you can withdraw more than 18k at 65). This was reported in the news, and I did my own calculations to confirm this.

Yes lump sum withdrawal at 65 is indeed interesting besides withdrawal of amount in excess of BRS at 55.

 

[rrr2015]

but i think monthly payout will be affected right? so if one don't really need the 20%, is it still better to withdraw or leave it for higher monthly payout?

Yes lump sum withdrawal at 65 is indeed interesting besides withdrawal of amount in excess of BRS at 55.

 

[henrylbh]

but i think monthly payout will be affected right? so if one don't really need the 20%, is it still better to withdraw or leave it for higher monthly payout?

Goes without saying, any money taken out of RA must surely reduce the monthly payout. Conversely, more money (up to limit of prevaliling ERS) put into RA will give higher payout. So it's up to individual's financial plan.

 

[henrylbh]

Huh?? I think even AI could understand better right?

And answering a simple Yes or No is called spoon feed?? Even the questions are self explanatory needing no further effort. It's not like asking 'Someone please tell me how the whole thing works'.

Probably too simple an answer is not sufficient to show off one's knowledge on the topic...

After so much been said, have you got the answer you need?

 

[PC-User]

After so much been said, have you got the answer you need?

Finally yes, phew...

Sometimes don't understand certain people's mentality. They die die don't want to answer a question directly and simply, receive thanks and fly away. They rather go copy paste whole bunch of stuff and hint or 'teach' you how to find the answer. They don't want to type just 3 words 'yes you're right' but enjoy typing hundreds of word in rounds of debate/argument.

Probably their main aim in the forum is to kill time...?

 

[heymee]

Questions on MA when we reached 55.

Understand when we reached 55 , RA Account will be created using SA/OA funds...

What about MA Account when we reached 55, will CPF Auto transfer our SA/OA funds to MA first then to RA?

Anybody can help to answer this? Thank you

 

[Merg91]

Cpf is easy for most.

But some smart Alec would look for all tiny loopholes & make it complicated.

 

[PC-User]

Questions on MA when we reached 55.

Understand when we reached 55 , RA Account will be created using SA/OA funds...

What about MA Account when we reached 55, will CPF Auto transfer our SA/OA funds to MA first then to RA?

Anybody can help to answer this? Thank you

You're lucky. Let me answer you directly. I won't lecture you. I also won't copy paste stuff to teach you to show my superiority : now already no more Medisave minimum sum to topup. The scheme already abolished few years back.

You're welcome.

 

[maple96]

You're lucky. Let me answer you directly. I won't lecture you. I also won't copy paste stuff to teach you to show my superiority ****************** : now already no more Medisave minimum sum to topup. The scheme already abolished few years back.

You're welcome.

******************

Sometimes don't understand certain people's mentality. They die die don't want to answer a question directly and simply, receive thanks and fly away. They rather write whole bunch of stuff and hint the answer. They don't want to type just 3 words 'Yes or No' but enjoy typing hundreds of word .
Probably their main aim in the forum is to kill time...?

Your answer matches your own critic above, just to show your superiority

A simple question needs a simple answer, no room for you to showoff:

Answer: No!

 

[henrylbh]

Questions on MA when we reached 55.

Understand when we reached 55 , RA Account will be created using SA/OA funds...

What about MA Account when we reached 55, will CPF Auto transfer our SA/OA funds to MA first then to RA?

Anybody can help to answer this? Thank you

You're lucky. Let me answer you directly. I won't lecture you. I also won't copy paste stuff to teach you to show my superiority : now already no more Medisave minimum sum to topup. The scheme already abolished few years back.

You're welcome.

I can't understand what you saying to heymee. You understand yourself?

 

[henrylbh]

Questions on MA when we reached 55.

Understand when we reached 55 , RA Account will be created using SA/OA funds...

What about MA Account when we reached 55, will CPF Auto transfer our SA/OA funds to MA first then to RA?

Anybody can help to answer this? Thank you

MA will continue growing with contributions till 65. There will be not auto transfer from SA/OA at any time even if it does not meet the limit at 65. Once you reach the limit set at 65, there will no further contribution unless the balance subsequently falls below the limit set at 65. Interest earned on the balance above the limit will flow to other CPF accounts.

 

[nyl3v3]

Questions on MA when we reached 55.

Understand when we reached 55 , RA Account will be created using SA/OA funds...

What about MA Account when we reached 55, will CPF Auto transfer our SA/OA funds to MA first then to RA?

Anybody can help to answer this? Thank you

Are you referring to this?
https://www.cpf.gov.sg/members/FAQ/schemes/healthcare/medisave/FAQDetails?category=healthcare&group=MediSave&ajfaqid=2189357&folderid=12917

There are links to click and prompt you further questions.

I hope I didn’t misunderstand your question, because I’m curious too!

 

[maple96]

What about MA Account when we reached 55, will CPF Auto transfer our SA/OA funds to MA first then to RA?

Answer = No

When u hit 55, CPFB will transfer your OA/SA to RA. There is no rule or policy requiring CPFB to transfer OA/SA to MA at 55.

If u decide to withdraw monies in OA/SA after 55, you are no longer required to topup MA to BHS (if MA not at BHS) before u can withdraw.

 

[Merg91]

Just an easy No takes a few 'experts' to beat around the bush /links.

 

[Value.Matrix]

Just an easy No takes a few 'experts' to beat around the bush /links.

Always provide sauce lah. I appreciate because can't go wrong. Better than the auntie uncle at coffeeshop saying half nia.

 

[maple96]

Always provide sauce lah. I appreciate because can't go wrong. Better than the auntie uncle at coffeeshop saying half nia.

That's right but some smart alec here in these few days say if u provide links u are a showoff, showing your superiority because they cannot think, got mental block, cannot understand, want to be spoon feeded with Yes or No answer

Without facts (links) to support, then these people can continue to showoff their opinions, argue/debate until the cow comes home, then they can kill time here

 

[heymee]

OK , I understand when I reached 65 , my BHS will be fixed ....no more increase ....

But looking at the rate added to the BHS each year about 4k....now is 57K
So when I reached 65 , my BHS sum limit is 100kplus....

OMG... this will eat into my OA/SA saving.....
How do I retire.....??