<![CDATA[CPF - Minimum Sum (MS)]]>yes pls share.

]]>https://forum.kiasuparents.com/topic/78109/cpf-minimum-sum-msRSS for NodeWed, 29 Apr 2026 20:51:25 GMTMon, 17 Oct 2016 15:35:26 GMT60<![CDATA[Reply to CPF - Minimum Sum (MS) on Fri, 23 Sep 2016 01:05:35 GMT]]>

macaron12:
starlight1968sg:

[quote=\"macaron12\"]Anyone knows if voluntary contribution to SA at beginning of month or end of month, any diff? Does CPF pro-rate the interest rate?


Best call cpf to confirm
I have a feeling it is monthly and not daily ie contribute at start or end of mth is no diffetence

Thanks. Will call:)[/quote]After you got the reply, appreciate to share it here for info, pls. Tks

]]>https://forum.kiasuparents.com/post/1720527https://forum.kiasuparents.com/post/1720527Fri, 23 Sep 2016 01:05:35 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Thu, 22 Sep 2016 14:42:14 GMT]]>

starlight1968sg:
macaron12:

Anyone knows if voluntary contribution to SA at beginning of month or end of month, any diff? Does CPF pro-rate the interest rate?


Best call cpf to confirm
I have a feeling it is monthly and not daily ie contribute at start or end of mth is no diffetence

Thanks. Will call:)

]]>https://forum.kiasuparents.com/post/1720470https://forum.kiasuparents.com/post/1720470Thu, 22 Sep 2016 14:42:14 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Thu, 22 Sep 2016 14:32:09 GMT]]>

macaron12:
Anyone knows if voluntary contribution to SA at beginning of month or end of month, any diff? Does CPF pro-rate the interest rate?

Best call cpf to confirm
I have a feeling it is monthly and not daily ie contribute at start or end of mth is no diffetence

]]>https://forum.kiasuparents.com/post/1720469https://forum.kiasuparents.com/post/1720469Thu, 22 Sep 2016 14:32:09 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Thu, 22 Sep 2016 14:17:53 GMT]]>Anyone knows if voluntary contribution to SA at beginning of month or end of month, any diff? Does CPF pro-rate the interest rate?

]]>https://forum.kiasuparents.com/post/1720466https://forum.kiasuparents.com/post/1720466Thu, 22 Sep 2016 14:17:53 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Fri, 22 Apr 2016 17:10:55 GMT]]>MS has to keep increasing anyway, especially to fight inflation. Whether people appreciate this scheme or not, the fact is most of your CPF is used on housing, and thus many people are stuck with MS due to their income level. There are cases of people downgrading their houses in order to fend for their retirement. I have also seen people who knows how to invest their money & prudent in their accounting. They would always uses cash to pay for housing instalments. They can easily hit MS x 2 at retirement age.


Whether you are for or against MS, just please make sure you have provisions for your retirement.

]]>https://forum.kiasuparents.com/post/1671533https://forum.kiasuparents.com/post/1671533Fri, 22 Apr 2016 17:10:55 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 13:30:54 GMT]]>

floppy:
Funz:

Chances are people who can manage their finances well will not be solely dependant on the CPF money in their retirement so the MS does not affect them that much. Maybe just a source of irritation.

:goodpost:

And therein lies the challenge with CPF MS. One size fits all solution isn't necessary nor does it work.

Its not one size fits all, the MS is as it's name implies, a minimum floor quantum to provide a modicum of income in old age. Lets not kid ourselves that it's even being close to adequate for the majority of cases.

]]>https://forum.kiasuparents.com/post/1655881https://forum.kiasuparents.com/post/1655881Mon, 14 Mar 2016 13:30:54 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 04:01:25 GMT]]>

Funz:
Chances are people who can manage their finances well will not be solely dependant on the CPF money in their retirement so the MS does not affect them that much. Maybe just a source of irritation.
:goodpost:

And therein lies the challenge with CPF MS. One size fits all solution isn't necessary nor does it work.

]]>https://forum.kiasuparents.com/post/1655730https://forum.kiasuparents.com/post/1655730Mon, 14 Mar 2016 04:01:25 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:45:29 GMT]]>

pirated:
most time it is the lower income group that need immediate access to cpf cash, though not all of them can't/not able to manage the cash

Sometimes it's their children who are eyeing the money...like in some ch8 scripts

]]>https://forum.kiasuparents.com/post/1655725https://forum.kiasuparents.com/post/1655725Mon, 14 Mar 2016 03:45:29 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:42:36 GMT]]>most time it is the lower income group that need immediate access to cpf cash, though not all of them can’t/not able to manage the cash

]]>https://forum.kiasuparents.com/post/1655723https://forum.kiasuparents.com/post/1655723Mon, 14 Mar 2016 03:42:36 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:37:57 GMT]]>Chances are people who can manage their finances well will not be solely dependant on the CPF money in their retirement so the MS does not affect them that much. Maybe just a source of irritation.


For those who cannot manage it well, it benefits not only them when it comes time when they really need the money but it also help their children. Imagine if a father or mother were to get their hands on their CPF early, while they can still work but decided to stop work due to this windfall. But this windfall is not exactly that much and they soon find themselves out of money, given the rising cost of everything. By then, they are much older, with health issues. Definitely tougher to find employment. The ones who will feel the burden immediately will be the immediate family.

]]>https://forum.kiasuparents.com/post/1655722https://forum.kiasuparents.com/post/1655722Mon, 14 Mar 2016 03:37:57 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:34:46 GMT]]>

starlight1968sg:
And the bulk is spent in housing!

not spent. just being locked up

]]>https://forum.kiasuparents.com/post/1655718https://forum.kiasuparents.com/post/1655718Mon, 14 Mar 2016 03:34:46 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:32:01 GMT]]>And the bulk is spent in housing!

]]>https://forum.kiasuparents.com/post/1655713https://forum.kiasuparents.com/post/1655713Mon, 14 Mar 2016 03:32:01 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:31:50 GMT]]>Here’s my cynical take.


If one is so desperate to take out one’s minimum sum on account of having run out of money, then in all probability that person is not really equipped to manage that sum well having withdrawn it.

In my experience the folk I’ve met that have money smarts and managing their funds properly have no issue leaving large chunks in their CPF, given how safe it is and the returns they get. Conversely, many who claim that they are good and capable of managing their money but don’t actually have a lot of savings or assets outside of CPF, possibly are overestimating their own abilities.

Not to say that I don’t understand why folk in dire straits feel frustrated at a sizable sum locked away that they can’t touch, there has to be a way to help them but giving them a key to the treasury is not the solution in my view.

MS of $160K+ is not a lot of money to last 10-20 years. If one lives to an average age of 83+ (and the huge chunk of those who reach 65 will get to 80), the dollar really needs to stretch and you don’t need too much of an imagination to see it running out well before that.

]]>https://forum.kiasuparents.com/post/1655712https://forum.kiasuparents.com/post/1655712Mon, 14 Mar 2016 03:31:50 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:26:43 GMT]]>

jetsetter:
starlight1968sg:

Hv we got cases that pple use up all his cpf before he dies?


Yes in the early years hence the min sum was introduced I read...

That was cos wages were low in the post-indie years and most cpf acct holders were blue collar wkrs...by 55 withdrawal time, they did not amass enough but prices had gone up then...

Some squandered the monies or got cheated by mistresses or kids...

Yes, many grads were not even getting anywhere near $2k in the 80s/early 90s so you can imagine how much the blue collared workers were getting...probably no more than what we are paying our fdw now (includes levy). So one can imagine how little these people have in cpf....assuming their current salary is maybe $1.5k or so.

]]>https://forum.kiasuparents.com/post/1655709https://forum.kiasuparents.com/post/1655709Mon, 14 Mar 2016 03:26:43 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:21:47 GMT]]>MP

I think i can handle my finances too. So the MS set aside will be just another source of funds for retirement, any extra will be for my beneficiaries

]]>https://forum.kiasuparents.com/post/1655704https://forum.kiasuparents.com/post/1655704Mon, 14 Mar 2016 03:21:47 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:19:21 GMT]]>

starlight1968sg:
Do we agreed that the MS is a gd measure to prevent one fr giving $$ to xiao san, etc esp for those who may not be able to handle their $$ well?

Maybe helpful to people mentioned above .
But i am confident I can handle my own $ well without MS policy , am stuck.

]]>https://forum.kiasuparents.com/post/1655700https://forum.kiasuparents.com/post/1655700Mon, 14 Mar 2016 03:19:21 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:13:00 GMT]]>Do we agreed that the MS is a gd measure to prevent one fr giving $$ to xiao san, etc esp for those who may not be able to handle their $$ well?

]]>https://forum.kiasuparents.com/post/1655692https://forum.kiasuparents.com/post/1655692Mon, 14 Mar 2016 03:13:00 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:10:00 GMT]]>

starlight1968sg:
Hv we got cases that pple use up all his cpf before he dies?

Yes in the early years hence the min sum was introduced I read...

That was cos wages were low in the post-indie years and most cpf acct holders were blue collar wkrs...by 55 withdrawal time, they did not amass enough but prices had gone up then...

Some squandered the monies or got cheated by mistresses or kids...

]]>https://forum.kiasuparents.com/post/1655689https://forum.kiasuparents.com/post/1655689Mon, 14 Mar 2016 03:10:00 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:08:25 GMT]]>

starlight1968sg:
Hv we got cases that pple use up all his cpf before he dies?

Before or after the implementation of the min sum?

]]>https://forum.kiasuparents.com/post/1655688https://forum.kiasuparents.com/post/1655688Mon, 14 Mar 2016 03:08:25 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:05:46 GMT]]>Hv we got cases that pple use up all his cpf before he dies?

]]>https://forum.kiasuparents.com/post/1655687https://forum.kiasuparents.com/post/1655687Mon, 14 Mar 2016 03:05:46 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 03:01:08 GMT]]>

3Boys:
starlight1968sg:

[quote=\"3Boys\"]I don't understand, is the proposal that those who do not have enough in the CPF minimum sum be allowed to withdraw early so that they will run out of money even earlier?


Thete may be pple who could hv saved much in cpf but little cash in hand. So being able to withdraw some to make ends meet is impt

At the risk of not having enough even later on? Sort of kicking the can down the road to a time where one is even less able to deal with it, don't you think?[/quote]so wats the take?
dun top up using hard cash right?
even got extra $$ in cpf , is it sound to top or transfer? just want to hear more views n opinions, i guess no right or wrong, really depends on individual taste

some people may really have excess $$$ if continue to work till 55 - 60.

]]>https://forum.kiasuparents.com/post/1655685https://forum.kiasuparents.com/post/1655685Mon, 14 Mar 2016 03:01:08 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 02:28:21 GMT]]>Most cases I hear of what people do when they get monies from cpf is to go holidays. And then thereafter, continue life as is, that is, find jobs to earn that bread to put on the table.


I guess it’s tempting to think of it as bonus money to be spent on what I think are luxuries. But then, perhaps after a lifetime of working, some people would like to be able to enjoy a bit.

I don’t personally agree with this, and definitely this not representative of what goes on in broader society - it’s just based on what I see/hear about people who have done so.

]]>https://forum.kiasuparents.com/post/1655671https://forum.kiasuparents.com/post/1655671Mon, 14 Mar 2016 02:28:21 GMT<![CDATA[Reply to CPF - Minimum Sum (MS) on Mon, 14 Mar 2016 01:51:12 GMT]]>

starlight1968sg:
3Boys:

I don't understand, is the proposal that those who do not have enough in the CPF minimum sum be allowed to withdraw early so that they will run out of money even earlier?


Thete may be pple who could hv saved much in cpf but little cash in hand. So being able to withdraw some to make ends meet is impt

At the risk of not having enough even later on? Sort of kicking the can down the road to a time where one is even less able to deal with it, don't you think?

]]>https://forum.kiasuparents.com/post/1655656https://forum.kiasuparents.com/post/1655656Mon, 14 Mar 2016 01:51:12 GMT