You can't withdraw shit from your CPF
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Withdrawal of Special and Ordinary Account Balances at age 55 The Day You Turn 55
Applicable Withdrawal Rule (%)
On or before 31 Dec 2008
50%
1 Jan 2009 - 31 Dec 2009
40%
1 Jan 2010 - 31 Dec 2010
30%
1 Jan 2011 - 31 Dec 2011
20%
1 Jan 2012 - 31 Dec 2012
10%
On or after 1 Jan 2013
Only the Special and Ordinary
Account balances can be withdrawn after setting aside both the CPF Minimum Sum and Medisave Minimum SumSianz...i hit 55 after 2030. No wonder people wana migrate la.
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holy cow!!!
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what is the cpf minimum sum to be left inside?
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hanor.. thats why ppl migrate then take everything out of cpf.
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want to migrate also must have ability to migrate if not its just daydreaming.
anyway since cannot draw out cpf money why not be smart and use the money to buy a house?
than sell the house and you can receive cash already.
that is how you can indirectly draw out your cpf money before 55
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Originally posted by HITMAN11111111111:
what is the cpf minimum sum to be left inside?
well minimum sum as of today is around $110,000. Assuming by 2030, it shd be near $300,000. -
Originally posted by fireng:
want to migrate also must have ability to migrate if not its just daydreaming.
anyway since cannot draw out cpf money why not be smart and use the money to buy a house?
than sell the house and you can receive cash already.
that is how you can indirectly draw out your cpf money before 55
i don't think one can do it in this indirect manner. Still have to put the money in CPF after selling house. The only cash you get is the profit earned and the COV.
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wat kinda job in spore ya gonna get to store in cpf thats $300,000???damn...must be a aircraft engineer or manager then can have that kinda cpf paid out till that stage!
its hopeless...no need use calculator already know its kaput already.
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well it's highly achievable.....if dun buy HDB lor.
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only partner in big 4, top lawyer/partner in big foreign law firm, regional sales director 17k - 20k per month
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Originally posted by Rock^Star:
Withdrawal of Special and Ordinary Account Balances at age 55
The Day You Turn 55
Applicable Withdrawal Rule (%)
On or before 31 Dec 2008
50%
1 Jan 2009 - 31 Dec 2009
40%
1 Jan 2010 - 31 Dec 2010
30%
1 Jan 2011 - 31 Dec 2011
20%
1 Jan 2012 - 31 Dec 2012
10%
On or after 1 Jan 2013
Only the Special and Ordinary
Account balances can be withdrawn after setting aside both the CPF Minimum Sum and Medisave Minimum SumSianz...i hit 55 after 2030. No wonder people wana migrate la.
than from now till you reach 55 you better stop voting them into power lor....
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Originally posted by Rock^Star:
well minimum sum as of today is around $110,000. Assuming by 2030, it shd be near $300,000.By then a 4 room HDB flat will cost a cool 1 million dollars.
COE will be $200K for 1600cc or smaller cars.
GST will be 25%.
And the average Singaporeans' monthly salary will be $2000.
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Originally posted by charlize:
By then a 4 room HDB flat will cost a cool 1 million dollars.
COE will be $200K for 1600cc or smaller cars.
GST will be 25%.
And the average Singaporeans' monthly salary will be $2000.
but everyone is a paper millionaire....
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Originally posted by EarlNeo:
but everyone is a paper millionaire....
In theory maybe.
They would probably stretch the HDB mortgage loan to 100 years to make it seem "affordable" to the common Singaporean.
I am assuming that the common "Singaporean" still exists by then. Maybe they will form 5% of the total resident population.
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Originally posted by charlize:
In theory maybe.
They would probably stretch the HDB mortgage loan to 100 years to make it seem "affordable" to the common Singaporean.
I am assuming that the common "Singaporean" still exists by then. Maybe they will form 5% of the total resident population.
if so, might need to change the name to mortgage rent.....
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Originally posted by EarlNeo:
if so, might need to change the name to mortgage rent.....
Whatever name you want to call it, it is still the same.
You are leasing a damn expensive HDB flat from the government.
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Originally posted by charlize:
Whatever name you want to call it, it is still the same.
You are leasing a damn expensive HDB flat from the government.
berri berri true. Its like a 99 year rental, with depreciation. for a pigeon hole..
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Originally posted by charlize:
In theory maybe.
They would probably stretch the HDB mortgage loan to 100 years to make it seem "affordable" to the common Singaporean.
I am assuming that the common "Singaporean" still exists by then. Maybe they will form 5% of the total resident population.
You're an optimist I see.
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work so hard only for the gahmen to transfer money from their right hand to left hand.....is this what a singapore dream is about?
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Originally posted by Rock^Star:
work so hard only for the gahmen to transfer money from their right hand to left hand…..is this what a singapore dream is about?
The Singapore Dream is ... an aspiration.
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Originally posted by charlize:
The Singapore Dream is ... an aspiration.
better then to have nightmare as an aspiration....
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Originally posted by Rock^Star:
well minimum sum as of today is around $110,000. Assuming by 2030, it shd be near $300,000.I assume by 2030 the PAP will no longer be in power, old man Lee and his son Lee will be dead too and singapore would be a much ebtter place to stay in.
There will be a new govt, less foreigners, increase in wages etc etc so everybody lets be optimistic
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Originally posted by Rock^Star:
Withdrawal of Special and Ordinary Account Balances at age 55
The Day You Turn 55
Applicable Withdrawal Rule (%)
On or before 31 Dec 2008
50%
1 Jan 2009 - 31 Dec 2009
40%
1 Jan 2010 - 31 Dec 2010
30%
1 Jan 2011 - 31 Dec 2011
20%
1 Jan 2012 - 31 Dec 2012
10%
On or after 1 Jan 2013
Only the Special and Ordinary
Account balances can be withdrawn after setting aside both the CPF Minimum Sum and Medisave Minimum SumSianz...i hit 55 after 2030. No wonder people wana migrate la.
Look for jobs that no need to pay CPF one lah or be your own boss lah.
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Originally posted by fireng:
I assume by 2030 the PAP will no longer be in power, old man Lee and his son Lee will be dead too and singapore would be a much ebtter place to stay in.
There will be a new govt, less foreigners, increase in wages etc etc so everybody lets be optimistic
Singaporeans are the minority.
All become slaves to the new rulers.
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Originally posted by fireng:
I assume by 2030 the PAP will no longer be in power, old man Lee and his son Lee will be dead too and singapore would be a much ebtter place to stay in.
There will be a new govt, less foreigners, increase in wages etc etc so everybody lets be optimistic
Ya hor.
Vote for a government that will give a free house, free education, free health care, free transport, everything free and no need to work, just got too much time but do not know how to do with the time everyday.