Jump to content

MyCarForum Logo
Search
Cannot draw till

  • Search this thread
65 replies to this topic | 0 praises

#1

Posted 13 January 2011 - 03:10 PM

Zanter
  • Zanter
    6th Gear
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    3,319
      Joined: 25 March 2006
      Posts: 3,181
     
I think I half dead also cannot take out own money. Well not to say I have much money by time I can draw my money, its half eaten away by inflation already!

#2

Posted 13 January 2011 - 03:14 PM

Joseph22
  • Joseph22
    2Fast2Furious
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    55,010
      Joined: 27 April 2009
      Posts: 53,632
     
Think the 65 yo one is the monthly allowance right?? Or its refer to all the cpf money??

#3

Posted 13 January 2011 - 03:18 PM

Jamstart
  • Jamstart
    5th Gear
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    2,227
      Joined: 27 January 2006
      Posts: 2,228
     
The CPF thingy is getting more and more confusing. knife.gif bigcry.gif
Life is short, Play hard!!
**************************
Practise makes perfect. If nobody is perfect, why practise?

#4

Posted 13 January 2011 - 03:25 PM

Gearoil
  • Gearoil
    Banned
      Joined: 17 February 2005
      Posts: 5,052
     
To make it simple to under-the-stand.

If you don't have enough money to make up to the Min Sum when you turn 55...you got NOTHING to take out!

That is you got only one chance to strike to take out your money....if you have much at 55!

If you got more than enough for the Min Sum required at that time, when one has turned 55, you can take out everyhing less th Min Sum amount. Meaning from OA as well as SA, leaving only your medi-Save for 'Khaw to slowly take it' biggrin.gif

So it is fairly simple.

For those that have more than enough money, when they trun 55, they should ( I say should but of course there are always idiots around) TAKE OUT WHATEVER THEY CAN!

For the other case, of not satisfiying this requirement ( Min Sum) .....I don't want to know and definitely the gov also 'don't want to know you'!

Simple bo?

I also don't want to know those that have to work after 55 to 60 and beyond.

It's your' funeral' if one have to continue working thereafter becos of a lack of money! biggrin.gif

#5

Posted 13 January 2011 - 03:36 PM

Joseph22
  • Joseph22
    2Fast2Furious
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    55,010
      Joined: 27 April 2009
      Posts: 53,632
     
I check out at cpf website. If ypu have enough min sum. You can chose to draw out slowly through out the year. But i think. Please draw out before you hit 65. It did not mention what happen to the sum when the cpf draw out kick in.

So note that contradite to what gearoil say. You dont need to die die draw out at 55. But also at 56 or 57.

However, having said that, with the ever changing policy of our gahmen, its better to draw out everything at the first chance.

#6

Posted 13 January 2011 - 03:49 PM

Civic2000
  • Premium member
    Civic2000
    5th Gear
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    1,617
      Joined: 23 February 2006
      Posts: 1,488
     
You can withdraw your CPF savings when you turn 55, after setting aside your CPF Minimum Sum. So there is no change in the age of CPF withdraw. The 65 years old your are referring to is so call Drawn Down Age (DDA) for you to start receiving monthly payments from your CPF Minimum Sum. You will receive the monthly income until your CPF Minimum Sum is exhausted.

The DDA for members who turned 55 from 1999 to 2004 is 62. This has been gradually increased to 65 for those who turned 55 in 2009.

CPF member who has previously withdrawn his CPF on reaching 55 years may further withdraw his CPF on a yearly basis, i.e. on or after his 56th, 57th birthday and so on. Thus, there are some who prefer making partial withdrawal, instead of withdrawing the whole sum and chose to keep some saving in the OA to earn 2.5% interest, as no bank in S'pore can give you this interest rate. It works like a 12 month FD, as you are allowed to make yearly withdrawal.
When I shut my mouth and turn and walk away, it doesn’t mean you’ve won. It simply means that you are not worth any more of my time.

#7

Posted 13 January 2011 - 04:03 PM

Gearoil
  • Gearoil
    Banned
      Joined: 17 February 2005
      Posts: 5,052
     

I check out at cpf website. If ypu have enough min sum. You can chose to draw out slowly through out the year. But i think. Please draw out before you hit 65. It did not mention what happen to the sum when the cpf draw out kick in.

So note that contradite to what gearoil say. You dont need to die die draw out at 55. But also at 56 or 57.

However, having said that, with the ever changing policy of our gahmen, its better to draw out everything at the first chance.


Helo Joe 22.

I always give good advice.

but yet you pour cold water over what i've said.

Then you change your mind and quickly said it's better to do what I've said earlier.

Helo Joe 22

In life, you have to be on your wits, a moment of wrong decision or hesitation or not knowing what is best pertaining to ANY particular issue you are going to take action will....

......


..........

Land one in BIG shxt for life!

And that is another good advice! biggrin.gif


#8

Posted 13 January 2011 - 04:13 PM

Gearoil
  • Gearoil
    Banned
      Joined: 17 February 2005
      Posts: 5,052
     

You can withdraw your CPF savings when you turn 55, after setting aside your CPF Minimum Sum. So there is no change in the age of CPF withdraw. The 65 years old your are referring to is so call Drawn Down Age (DDA) for you to start receiving monthly payments from your CPF Minimum Sum. You will receive the monthly income until your CPF Minimum Sum is exhausted.

The DDA for members who turned 55 from 1999 to 2004 is 62. This has been gradually increased to 65 for those who turned 55 in 2009.

CPF member who has previously withdrawn his CPF on reaching 55 years may further withdraw his CPF on a yearly basis, i.e. on or after his 56th, 57th birthday and so on. Thus, there are some who prefer making partial withdrawal, instead of withdrawing the whole sum and chose to keep some saving in the OA to earn 2.5% interest, as no bank in S'pore can give you this interest rate. It works like a 12 month FD, as you are allowed to make yearly withdrawal.


Err...the way you always post replies to questions pertaining to anything that has got to do with any 'silver service related type of poiicy' seems to indicate you are...

1) In silver service

2) got your 2 1/2 months bonus this year.

3) will highly be likely to vote for the Papies this time round again.

4) Tend to keep behind the background in forums unless some goons ( definitely a Sinkie lah or else why ask about policy that affect sinkie) ask about some important question relaetd to silver service policy.

5) Could be a 'dangerous' type of person...just assuming...but then your avatar seems to indicated otherwise...hmm..

Anyway thanks for clarifying to some Sinkie who need to know...

THEY ARE DEAD MEAT BECOS SOMEONE HAS GOTTEN HOLD OF THEIR MONEY AND THESE WILL LIKELY NOT BE RELEASED TO THEM UNTIL AFTTER THEY HAVE DIED! biggrin.gif




#9

Posted 13 January 2011 - 04:16 PM

Robo
  • Premium member
    Robo
    NOS-ed
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    13,929
      Joined: 12 March 2008
      Posts: 13,913
     
aiyah... they might as well pass a law to say CPF u DIE also cannot draw... change here and there until ppl blur. plus so much paper work waste time
Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.
Albert Schweitzer

#10

Posted 13 January 2011 - 04:17 PM

Joseph22
  • Joseph22
    2Fast2Furious
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    55,010
      Joined: 27 April 2009
      Posts: 53,632
     
Bro gearoil, you over sensitive liao. Cause from your initial post, it give a wrong impression that we had only 1 chance to take out the cpf money. I wanted to clarify that point nia. But ultimately, i agree with your view in taking out everything As CPF ruling is ever changing.

So bro, dont worry i am not here to throw cold water. I add on to your point nia.

Peace

#11

Posted 13 January 2011 - 04:17 PM

RadX
  • Premium member
    RadX
    Moderator
      Joined: 28 February 2002
      Posts: 55,199
     

Bro gearoil, you over sensitive liao. Cause from your initial post, it give a wrong impression that we had only 1 chance to take out the cpf money. I wanted to clarify that point nia. But ultimately, i agree with your view in taking out everything As CPF ruling is ever changing.

So bro, dont worry i am not here to throw cold water. I add on to your point nia.

Peace


jus ignore the IMH patient lah...and u will be ok dry.gif

RESPECT is only for the DEAD!

#12

Posted 13 January 2011 - 04:18 PM

Joseph22
  • Joseph22
    2Fast2Furious
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    55,010
      Joined: 27 April 2009
      Posts: 53,632
     
Bro Robo, you work in CPF board huh sly.gif
why want to makan our CPF money??

#13

Posted 13 January 2011 - 04:25 PM

Civic2000
  • Premium member
    Civic2000
    5th Gear
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    1,617
      Joined: 23 February 2006
      Posts: 1,488
     
I am a retiree. I withdrew my CPF 4 years ago and I am waiting to receive my monthly payments. I have never voted in last few elections, simply b'cos no opposition candidates in my constituency that that allowed the walk over for the Papies. By the way, what wrong with people working in the civil service?
When I shut my mouth and turn and walk away, it doesn’t mean you’ve won. It simply means that you are not worth any more of my time.

#14

Posted 13 January 2011 - 04:25 PM

Eviilusion
  • Premium member
    Eviilusion
    Turbocharged
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    9,884
      Joined: 18 December 2009
      Posts: 8,314
     
this should be in the football channel! mad.gif under moving and miniaturising goalpostt refereed by the Khawl bigcry.gif bigcry.gif
A friend told me this "what angkat kaki?.......angkat my lampa! ai mai?" hahahaha

#15

Posted 13 January 2011 - 04:31 PM

Robo
  • Premium member
    Robo
    NOS-ed
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    13,929
      Joined: 12 March 2008
      Posts: 13,913
     

Bro Robo, you work in CPF board huh sly.gif
why want to makan our CPF money??


u TKK i will nvr be a working in the civil service.

if 1% of the total CPF balance is mine i song gao julong liao!

better STFU liao. this thread quite sensitive... scarli next thing u know ISD come knock knock jio u jiak kopi den u know.
Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.
Albert Schweitzer

#16

Posted 13 January 2011 - 04:32 PM

Joseph22
  • Joseph22
    2Fast2Furious
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    55,010
      Joined: 27 April 2009
      Posts: 53,632
     
Dont worry, you see me carry their ball here i will likely be okay.

#17

Posted 13 January 2011 - 04:37 PM

Robo
  • Premium member
    Robo
    NOS-ed
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    13,929
      Joined: 12 March 2008
      Posts: 13,913
     

Dont worry, you see me carry their ball here i will likely be okay.


why even the need to do that? laugh.gif laugh.gif not that u carry they will give u free COE or GST waiver or best no need income tax.
Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.
Albert Schweitzer

#18

Posted 13 January 2011 - 04:43 PM

Zanter
  • Zanter
    6th Gear
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    3,319
      Joined: 25 March 2006
      Posts: 3,181
     
Ok I only read the details. Its 65 before they pay you a monthly payment/allowance.

#19

Posted 13 January 2011 - 04:44 PM

Kezg1
  • Premium member
    Kezg1
    5th Gear
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    2,110
      Joined: 13 August 2006
      Posts: 2,017
     

I think I half dead also cannot take out own money. Well not to say I have much money by time I can draw my money, its half eaten away by inflation already!




Sthing is really very wrong in these so call system.
My case... fully paid HDB almost 200k
OA...9k + 15k stock
SA...40k + 19K unit trust
MA..37k
When I check the calculator thingy at CPF web....and I can only draw 5k cash at I am 55 yrs furious.gif

#20

Posted 13 January 2011 - 04:46 PM

Jman888
  • Jman888
    2Fast2Furious
    The points of the user determines the rank. The higher the points, the higher the rank.
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    39,464
      Joined: 19 August 2002
      Posts: 36,181
     

Sthing is really very wrong in these so call system.
My case... fully paid HDB almost 200k
OA...9k + 15k stock
SA...40k + 19K unit trust
MA..37k
When I check the calculator thingy at CPF web....and I can only draw 5k cash at I am 55 yrs furious.gif



you need to read more.... unless you are trying to smoke your wife sleep.gif
骑白马的不一定是王子,可能是唐僧;带翅膀的也不一定是天使,有时候是鸟人。


Back to Investment & Financial Matters  ·  Others Top





1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users