CPF interest for 2016

[aKaGiz]

Are u all talking about OA interest only or combined from oa sa ma

 

[orange_sky]

Are u all talking about OA interest only or combined from oa sa ma

Does it matter? Still money

 

[aKaGiz]

Does it matter? Still money

Trying to estimate how rich ppl are

 

[henrylbh]

Yeah sounds about right. Have to indicate age to make the comparison meaningful

He 40+ got about 11k.

My father coming 90yo got 4k (RA) and 397 (MA). Sounds about right?

 

[orange_sky]

He 40+ got about 11k.

My father coming 90yo got 4k (RA) and 397 (MA). Sounds about right?

Different cos your father has already drawn out

 

[edwinttt1978]

CPF Board did a colourful pie chart with all figures neatly summarised in Statement of Account 2015. Impressive!

 

[elnewbie]

I thought you top up so much into your father RA ? Why now only left 4K ?

He 40+ got about 11k.

My father coming 90yo got 4k (RA) and 397 (MA). Sounds about right?

 

[orange_sky]

I thought you top up so much into your father RA ? Why now only left 4K ?

I think he top up to ma

 

[henrylbh]

I thought you top up so much into your father RA ? Why now only left 4K ?

Ha ha he talking about interest. So am I. My father's RA left 73k.

 

[henrylbh]

CPF Board did a colourful pie chart with all figures neatly summarised in Statement of Account 2015. Impressive!

A refreshing statement indeed. I have suggested to them that they include amount used for housing and accrued interest as that may be useful to many.

 

[edwinttt1978]

A refreshing statement indeed. I have suggested to them that they include amount used for housing and accrued interest as that may be useful to many.

Oh yes. Hope these can be included within the same page.

 

[oceanicmanta]

CPF Board did a colourful pie chart with all figures neatly summarised in Statement of Account 2015. Impressive!

hmmm ... I dont seem to have that stmt, strange

 

[henrylbh]

hmmm ... I dont seem to have that stmt, strange

Then log in to your CPF account to see.

 

[edwinttt1978]

hmmm ... I dont seem to have that stmt, strange

Other than the physical copy, the statement is also available online.
Check again.

 

[badsector]

hmmm ... I dont seem to have that stmt, strange

goto My statement, Section B. select "Yearly Statement of Account for the previous 8 years "

 

[tmkedmw]

CPF interest compounded or not?

This is the history:

From 1955 to 1976, CPF interest was credited and compounded annually.
From 1977 to 1985, CPF interest was credited quarterly and compounded annually.
From 1986 to present, CPF interest was computed monthly and compounded and credited annually.

https://data.gov.sg/dataset/cpf-interest-rates/resource/ca512365-7f3a-4e5c-a7cd-8ea2807931b7

 

[elnewbie]

It's still compounded annually as far as I can see.

CPF interest compounded or not?

This is the history:

From 1955 to 1976, CPF interest was credited and compounded annually.
From 1977 to 1985, CPF interest was credited quarterly and compounded annually.
From 1986 to present, CPF interest was computed monthly and compounded and credited annually.

https://data.gov.sg/dataset/cpf-interest-rates/resource/ca512365-7f3a-4e5c-a7cd-8ea2807931b7

 

[tmkedmw]

It's still compounded annually as far as I can see.

I never calculate mine.

Another source (from CPF) that says the same thing as my earlier post.

From 1986 to present, CPF interest was computed monthly and compounded and credited annually.

Source: https://www.cpf.gov.sg/Assets/common/Documents/InterestRate.pdf

 

[Mecisteus]

Basically, government can save millions of interests if CPF is not compounded monthly.

I think it is fair enough. Because their investment returns are longer term in nature.

 

[SBC]

Did anyone & everyone bother to ask why?