Home Protection scheme rebate

[chopra]

opted out of HPS around 2016 after telling hdb that i have private term insurance to cover. im surprised im still given hps rebate this year for ~nov2015 to ~dec2019 HPS performance.


my mortgage loan is around 400k.


Dear SXXXX, you received a Home Protection Scheme premium rebate of $2xx.xx in your CPF Ordinary Account on 12/1/20. Visit cpf.gov.sg/hpr20 for details.

u guys got alot?

 

[hwmook]

opted out of HPS around 2016 after telling hdb that i have private term insurance to cover. im surprised im still given hps rebate this year for ~nov2015 to ~dec2019 HPS performance.


my mortgage loan is around 400k.


Dear SXXXX, you received a Home Protection Scheme premium rebate of $2xx.xx in your CPF Ordinary Account on 12/1/20. Visit cpf.gov.sg/hpr20 for details.

u guys got alot?

I got back $4xx for a $200+k mortgage loan. I think I paid a total of $800+ for HPS so the rebate is about 50%.

 

[Thoreldan]

loan of just under 150k, got back 200+

 

[DOINK1]

I got $525 for the rebates, I was actually wondering what was it about..

 

[BBCWatcher]

For those receiving these rebates who haven’t reached the Full Retirement Sum yet, wouldn’t it generally make a great deal of sense to transfer at least this sum from your Ordinary Account into your Special Account? It’s a windfall you didn’t necessarily expect and certainly couldn’t depend on, so why not make it work harder for yourself in your SA?

 

[item2sell]

50k loan. Get back 300+

 

[d9_lives]

I received 6xx and wife 4xx.
I wonder why the difference as every payment has been 50-50.

Anyway, it's unexpected and we're quite happy about it.

 

[chopra]

I received 6xx and wife 4xx.
I wonder why the difference as every payment has been 50-50.

Anyway, it's unexpected and we're quite happy about it.

altho ur installment 50-50, hps insurance (ie reducing term insurance) for female n male is different

 

[articland05]

I got $590.99 via sms
i tot is a scam sms. lol

Sent from LGE LG-H990 using GAGT

 

[manlymanly]

I got $990 for a $500K loan... anyone knows how is this calculated?

 

[badsector]

total HPS paid = $653.12
rebate receive = $56.81

 

[comex_1]

got $4xxx.xx rebate, totally unexpected. some more my home loan has already cleared.

total HPS paid = $653.12
rebate receive = $56.81

 

[_dXter]

No more home loan to service, gotten $26 bucks HPS rebate.

 

[anfielder]

more than $1k rebate for a 400k+ loan.

pleasant surprise on the amount.

 

[badsector]

got $4xxx.xx rebate, totally unexpected. some more my home loan has already cleared.

same here. loan cleared >1yr ago

quite good to receive 8.7% rebate

 

[curious_moo]

opted out of HPS around 2016 after telling hdb that i have private term insurance to cover. im surprised im still given hps rebate this year for ~nov2015 to ~dec2019 HPS performance.


my mortgage loan is around 400k.


Dear SXXXX, you received a Home Protection Scheme premium rebate of $2xx.xx in your CPF Ordinary Account on 12/1/20. Visit cpf.gov.sg/hpr20 for details.

u guys got alot?

Yours is probably prorated rebate. As the rebate is given for the period from 9 November 2015 to Jan 2020. So if you are covered under HPS during that period, you will receive part of the rebates.

 

[stealth0128]

Yours is probably prorated rebate. As the rebate is given for the period from 9 November 2015 to Jan 2020. So if you are covered under HPS during that period, you will receive part of the rebates.

My parents didn't get it cos their house is fully paid. Can someone explain why are we getting this rebate and how is it calculated?

 

[curious_moo]

My parents didn't get it cos their house is fully paid. Can someone explain why are we getting this rebate and how is it calculated?

HPS is to cover the mortgage loan you have that is decreasing year on year.
The rebate is calculated based on the formula shown in their FAQ.

https://www.cpf.gov.sg/members/FAQ/...tection Scheme&folderid=17248&ajfaqid=7761301

 

[luei74]

Getting 8xx.xx....not bad

Sent from Xiaomi MI MAX 3 using GAGT

 

[chopra]

Yours is probably prorated rebate. As the rebate is given for the period from 9 November 2015 to Jan 2020. So if you are covered under HPS during that period, you will receive part of the rebates.

i know.