Me Time!

[doodbug]

Also, for the following statement:


"The only catch is whatever is in your RA, you cannot take it out till 65."

At 65, RA cannot be withdrawn, but it is disbursed using monthly payouts - is this correct?

[Sun_2010]

doodbug\" post_id=\"1962383\" time=\"1580978240\" user_id=\"13281:

Thank you very much, Sun_2010. The following info you posted is extremely helpful:
- BRS, FRs and ERS are just slabs. You can have any amount in between those.
- By default if you have enough in your SA+OA - CPF will allocate the FRS amount into it.
- The only catch is whatever is in your RA, you cannot take it out till 65.

I have a few more questions:
- At 55, CPF will allocate the FRS using your SA and OA. After the allocation, can we transfer remaining OA to SA?
- Assuming our RA after 55 is more than the FRS, can we withdraw the OA and SA at any time?

Disclaimer- no, I am not from cpf or even remotely related to it or any other financial services. So cross check with CPF before taking any \"decisions\". DH is turning senior citizen , so just figuring it out with him.

1. No you cannot transfer from OA/top up cash to SA after you turn 55. Only the portion from your salary will go into SA after 55.
However before you turn 55 you can transfer from OA or topup cash to SA up till the declared FRS amount for that year. Like this year the max in SA can be 181k s at the end of this year , so you can top up till that amount only.
From the age 50-55, you get 1% more interest in SA (ie 5%), so if you hit the FRS amount of that year by the time one is 50, by 55 , even if there is no further deposit in cpf, one will have more than the FRS from the added interest .
2. Assuming RA is more than FRS , i suppose you mean SA+OA is more than FRS at 55, then yes the FRS amt will be transferred to your RA - first take from SA then from OA .
In case your SA is more than FRS, the excess will remain in your SA and OA will remain un touched. You can with draw any time, any number of times , however , what you withdraw will come from your SA first .( CPF clever hor). In that it is like a bank account, but with better interest rates
In case your SA is doesnt cover FRS, the it will be wiped out first and the rest will be taken from OA. Any excess will remain in your OA.

Note- I dont know much about BRS, but there is mortgage pledging involved I think. Also for FRS, if one is servicing a loan from the OA, then you can discuss with CPF about how much you want to leave in your OA

[lee_yl]

For the whole of last week, due to the coronavirus situation, I avoided going out. Nothing to do during free time so I started baking.


I made 2 loaves of Banana Bread, Ondeh Ondeh, Teochew Orh Nee, steamed pumpkin kueh, baked egg tarts, Gula Melaka Huat Kueh (which unfortunately didn’t rise), made a pizza from scratch, Banana crumb muffins....

Most of the above were 1st attempts. Never in my life bake/steam so much pastries within such a short period. Lol. Very unhealthy too, don’t know how much sugar, coconut milk and blocks of butter I have consumed for the whole of last week!


https://postimg.cc/18h6wnVR

https://postimg.cc/WDSJB5Wt

https://postimg.cc/sQNGXvRr

https://postimg.cc/cgH80f2h

https://postimg.cc/gXsr7sD4

https://postimg.cc/rRR0tM8t

https://postimg.cc/5jXFrqwN

[phtthp]

Is very very good, lee_yl !


At least, u have turned your anxiety into keep working at something meaningful non stop, to keep yourself occupied, instead of let fearful virus thoughts bound u

[starlight1968sg]

I must be mad today

At ntuc in the morning and giant in the afternoon

[MrsKiasu]

leeyl, your bakes :drool: :drool:

star, that is not considered mad..I usually go ntuc then walk one round at cs and recently don donki

[MrsKiasu]

lee_yl\" post_id=\"1963645\" time=\"1581833818\" user_id=\"17023:

For the whole of last week, due to the coronavirus situation, I avoided going out. Nothing to do during free time so I started baking.

I made 2 loaves of Banana Bread, Ondeh Ondeh, Teochew Orh Nee, steamed pumpkin kueh, baked egg tarts, Gula Melaka Huat Kueh (which unfortunately didn’t rise), made a pizza from scratch, Banana crumb muffins....

Most of the above were 1st attempts. Never in my life bake/steam so much pastries within such a short period. Lol. Very unhealthy too, don’t know how much sugar, coconut milk and blocks of butter I have consumed for the whole of last week!


https://postimg.cc/18h6wnVR

https://postimg.cc/WDSJB5Wt

https://postimg.cc/sQNGXvRr

https://postimg.cc/cgH80f2h

https://postimg.cc/gXsr7sD4

https://postimg.cc/rRR0tM8t

https://postimg.cc/5jXFrqwN

I like ondeh so much but only I eat in the family so no need waste effort lor.. it looks so nice.

[sky minecrafter]

@MKS. Donki - same! Kids love the socks, game-stuff; I adore the variety of konjac jellies (reasonably priced) in our local branches! The bento sets as well, amazing assortment! & if you use Japanese condiments (cooking wine, mirin...), their discounted prices are competitive (but those are not big brand names like Hinode, Takara...).

[MyPillow]

MrsKiasu\" post_id=\"1963662\" time=\"1581846275\" user_id=\"43981:

leeyl, your bakes :drool: :drool:
star, that is not considered mad..I usually go ntuc then walk one round at cs and recently don donki

Wow I can feel leeyl “ free” ness at home
Your kids n dh must be happy so much snack to eat “)

[MrsKiasu]

sky minecrafter\" post_id=\"1963672\" time=\"1581850276\" user_id=\"130531:[quote=\"sky minecrafter\" post_id=1963672 time=1581850276 user_id=130531]
@MKS. Donki - same! Kids love the socks, game-stuff; I adore the variety of konjac jellies (reasonably priced) in our local branches! The bento sets as well, amazing assortment! & if you use Japanese condiments (cooking wine, mirin...), their discounted prices are competitive (but those are not big brand names like Hinode, Takara...).[/quote]

sky, we not very into Jap food..with most instructions/ingredients in Jap, haha need to slowly look around haha..