CPF SA

[weng0202]

If cpf compulsory injection of money then I dun say. If use cash pump in I rather keep in banks. Banks need to pay u back else chapter 11 Liao.

You make it sound like cpf will not come back to you. It will be given to you "eventually".

 

[middleclass]

How is all this gonna be enough to survive during retirement. Assuming you plan to have 2k (in today's dollars) a month for your retirement, a 40 yr old today would need to hit 865k in total savings and that's assuming you work till 62 yrs old.

Not enough. Need to supplement with SRS savings (tax relief) and cash fixed deposits and investments (stocks and bonds)


Sent from middle class using GAGT

 

[发哨子2020]

$4 million in CPF at age 65 https://youtu.be/GyyxO5hcqp8

$1.5 millions easier for many .

 

[jericho75]

You make it sound like cpf will not come back to you. It will be given to you "eventually".

Ya. After up lorry sure will come.

If this is bond then is considered default liao.

 

[elf108]

Why all so rich.
Me use it pay house not much left liao.
Only SA max.

 

[avanade]

after 55 and setting aside the FRS, can put into SA account and earn interest right?

 

[Faux Pas]

No. Capped at FRS.
But can consider tranafer to spouse and parents.

Ok, what about employment contributions to the SA account once it is reached FRS?

 

[Polar Bear King]

$4 million in CPF at age 65 https://youtu.be/GyyxO5hcqp8

$1.5 millions easier for many .

he said "don't buy private property"
when he turned 65 he got $4M can do what?

 

[weng0202]

Ya. After up lorry sure will come.

If this is bond then is considered default liao.

Uplorry goes to your loved ones lor. Will still be paid in full.

 

[orwell76]

U eat face fish and bee Hoon issit?

Now cannot travel, can travel jiak Buddha jump over the wall in Fuzhou, Dong bo rou in Hangzhou, and sharkfin abalone rice in Guangzhou lah

 

[ramlee]

Later chut pattern delay withdrawal age again. Arm chio at edmw bbfa

chiu douch be sho evil kym?

 

[ramlee]

OA can xfer to spouse?

also qualify for tax rebates?

if next time divorce how?

 

[ramlee]

Actually do u all find the yearly increase FRS amount to be non achievable ?

Cause the starting wages and increment etc also not like FRS to confirm increase...

Ten years ago uni grad starting pay 2.7k to 3.5k/4

Ten years later now, it is still the same.

But FRS is 181k now, ten years later FRS will be much more

they will ask you to take more skills future course to upskill yourself to get higher pay

lim swee say shushu once said the low paying jod tuday will not the low paying jod tomorrow

 

[enimen]

BRS min. amt is 90.5k. monthly payout 750-810
FRS min. amt is 181k. Monthly payout 1390-1490
ERS min. amt is 271.5k. Mthly payout 2030-2180

If FRS is 2 x BRS, and ERS is 3 x BRS, then why the payout for FRS and ERS are lesser than 3x, while min. amt for both are 3x?

Payouts should be:
BRS min. amt is 90.5k. monthly payout 750-810
FRS min. amt is 181k. Monthly payout 1500-1620
ERS min. amt is 271.5k. Mthly payout 2250-2430

Why are payouts for FRS and ERS lesser ah??

 

[jericho75]

Uplorry goes to your loved ones lor. Will still be paid in full.

That defeats the purpose of cpf. Kept on delaying until ppl up lorry. That is why so many ppl wanna order a new hdb before 55 to wipe out cpf. The ever changing rules are causing ppl to change their behavior.

 

[orwell76]

Actually do u all find the yearly increase FRS amount to be non achievable ?

Cause the starting wages and increment etc also not like FRS to confirm increase...

Ten years ago uni grad starting pay 2.7k to 3.5k/4

Ten years later now, it is still the same.

But FRS is 181k now, ten years later FRS will be much more

I transferred $80k to my wife's SA to make up the prevailing minimum sum a few years back

 

[Halo green]

how to transfer to SA after hit max? can't transfer from OA to SA leow

 

[jericho75]

Now cannot travel, can travel jiak Buddha jump over the wall in Fuzhou, Dong bo rou in Hangzhou, and sharkfin abalone rice in Guangzhou lah

So can eat dace fish jump over wall?

 

[Prof. Utonium]

Actually do u all find the yearly increase FRS amount to be non achievable ?

Cause the starting wages and increment etc also not like FRS to confirm increase...

Ten years ago uni grad starting pay 2.7k to 3.5k/4

Ten years later now, it is still the same.

But FRS is 181k now, ten years later FRS will be much more

Achievable if you transfer OA to SA at the early stage of your working life.

Early 20s I found it far from sight. Judging from the annual increase, I am expecting perhaps around $340~$370k for SA FRS.

So I worked backwards, how much would I need to have in SA then to reach FRS in future provided everything remains constant; where pay remains stagnant and FRS always increasing. A very conservative approach taken.

Hence I wiped out my OA to SA in my mid 20s. Fortunately I worked my ass off during part time days.

By the time I am 55 and still alive, with the same low pay I currently bring back, should be able to reach the minimum sum by 55.

 

[Iyarash11]

Why all so rich.

all richer than me