Lai Liao - CPF withdrawal limit to $50k a day!

[ouroboroso]

It IS my money lah. I use it to pay mortgage.

If not my money, I cannot use it to pay for anything.

A bit like Schrödinger's cat

 

[TheITGuy]

pls limit to $1 per day

 

[seeseelooklook]

A bit like Schrödinger's cat

Sort of, but at least we can use to pay for mortgage.

Just that most likely, it will be other people who will get to enjoy the fruits of your labour.

 

[Travis_Touchdown]

Won't be surprised if maybe next time deceased member bequeathed funds can only transfer to NOK CPF and cannot be withdrawn anymore

Stinky move... If really like that they ish can increase their investment pool...

 

[Omnia1]

Need 40 days to withdraw fully if I got $2million

Incorrect. Assuming you have $2m to withdraw, you can do so in person at CPF. As mentioned in the article, you can get an appointment within a week and the money will be disbursed within 5 working days.

 

[coyote]

You really care for BBFA.

Not me. The government.

 

[ouroboroso]

Sort of, but at least we can use to pay for mortgage.

Just that most likely, it will be other people who will get to enjoy the fruits of your labour.

Not realised until eventually withdrawn, otherwise just paper only. But as you said, at least the possibility is there.

Stinky move... If really like that they ish can increase their investment pool...

Actually more beneficial for cashflow since the money won't exit the system.

 

[coyote]

Never say never.

Go do your math and you'll know why.

 

[weiess]

waiting for 25k a day announcement..

 

[reds79]

as if we have so much to withdraw

no difference to me

 

[Atrina_Boy]

worry about my CPF now

 

[seeseelooklook]

Not realised until eventually withdrawn, otherwise just paper only. But as you said, at least the possibility is there.



Actually more beneficial for cashflow since the money won't exit the system.

I only worry that they keep increasing the withdrawal age until I really cannot see it.

But for now, can pay mortgage, I happy already.

 

[DragonFire]

Need 40 days to withdraw fully if I got $2million

Online bro, You wanna withdraw all one shot, do it offline.

 

[FireEmblem]

If u need to withdraw 50k a day, you probably sending it to a scammer

 

[DragonFire]

I only worry that they keep increasing the withdrawal age until I really cannot see it.

But for now, can pay mortgage, I happy already.

Wait till retirement age officially 65. I believe after that, withdrawal age will increase in lockstep with any retirement age increase (retirement age - 10). So if retirement age increase to 66, withdrawal age will increase to 56.
=
Retirement age target of 65 should be reached by 2030.

We'll see what happens after that goal is reached.

 

[ouroboroso]

Wait till retirement age officially 65. I believe after that, withdrawal age will increase in lockstep with any retirement age increase (retirement age - 10). Retirement age target of 65 should be reached by 2030.

We'll see what happens after that goal is reached.

The trend is your friend.

 

[Sylar22]

There are big differences.

Last time, Singaporeans withdraw all their CPF at 55 or 65, then within one year got cheated by women or scammer and lost their life CPF savings of few hundred thousands.

Now, Singaporeans can only withdraw $2000-$3000 a month from 65 onwards. So, the women can only stay with him and cheat $2000-$3000 every month the max. So, the women scammer have to stay with the men for long term to cheat more money and the men get to enjoy their companionship.

Many edmwers wanted to remain singles. They really should thank CPF life. It's a life saver.

What an analysis LOL

 

[enimen]

Maybe kid needs to pay university fees.
Maybe people want to buy car?

Then plan for and withdraw earlier loh.
Buying car or going uni involved planning and not impromptu decisions

 

[page||]

https://www.channelnewsasia.com/sin...21?cid=internal_sharetool_iphone_22082024_cna

Like that in future want to help my kid out down payment also need 2wweks to withdraw out daily lol…

 

[xdivider]

You really care for BBFA.

theres a implicit stereotyping there.........