CPF minimum sum to be revised upwards to S$131,000

[pinky]

radiantmum:

pinky:

when initially announced, it was to be increased to $120,000 by 2013 so now it's $11,000 more and brought forward by 2 years :siao: :stompfeet:

I believe they did state upfront that $120k was in TODAY'S DOLLAR. Hence after factoring inflation effects, it's $131k now liao.

Still I am not happy too ;-<

1st it's my money.
2nd dont keep re-drawing the aging withdrawal date. THAT in itself is even scarier :nailbite:

wow if factor in inflation, it may reach $150,000 very soon :roll:

[daddy2007]

WCW:

:yikes: huh? alrdy $ not enough still want suck us... only say the pros, nv mention abt the cons...

since when the $ in our CPF is ours?

[daddy2007]

MMM:

Also, why can't they leave us to take care of our own hard earn monies. Not everyone need help to take care of monies????

They should have the option of letting people to manage their own money or let Garment manage it. Maybe some simple test of a personal financial literacy will enable one to have the option to manage one's CPF money

[daddy2007]

hquek:

well, the money in cpf is still registered in our name. They can't spend it on salaries or anything. CPF gives 2.5% - something the banks are not giving. Is this the unrealistic rate you refer to?

CPF gives 2.5% in OA and 4% in SA/MA. Whereas banks can only give 0.x%. Where the extra interest will come from? Abit Unrealistic at this climate. The investment arm of Txxx is so super than those hege fund managers?

[daddy2007]

hquek:

Anyway, I don't get to enjoy that privileged 2.6% loan rate...so I'm all green eyed also.

You earn too much to qualify for the loan :lol:

[daddy2007]

pinky:

my friend told me she wrote off her CPF as bad debts already

:goodpost:

[verykiasu2010]

daddy2007:

pinky:

my friend told me she wrote off her CPF as bad debts already

:goodpost:

no lah, why write off as bad debts ? can use O$P$ sign right ? use debt collectors lor ......

[pinky]

verykiasu2010:

daddy2007:

[quote=\"pinky\"]my friend told me she wrote off her CPF as bad debts already

:goodpost:

no lah, why write off as bad debts ? can use O$P$ sign right ? use debt collectors lor ......[/quote]dun think debt collectors dare to take up this assignment :roll: :roll:
dun pray pray ah...

[Oppsgal]

WCW:

gd :idea:
but will have to go alone as children and grand-children will never want to pack along, then it will be retire lonely in JB

Then they can always come visit us old folks in JB. it is just a causeway away from Singapore? :sad:

[Oppsgal]

kwokwc:

I think the other good job to look into is becoming a tutor. Saw from another thread, a good tutor can earn over 10K for 1 classX2hour per week. And becoming a tutor, consider self-employed, so up the person to declare (of course, must declare a logical amount before IRAS charge for tax-evasion) and just pay medisave, no ordinary CPF, so can control the money one earns too.

not sure on this... how many tutor earn that?

Class as in teaching a whole class in university school or what?