Will_I_Am 2nd Gear September 3, 2018 Share September 3, 2018 Double whammy actually. You lost the interest from CPF Board + accrued interest to be paid. 20 years down the road. That's a lot of money! ok what ... ownself pay ownself ... the scary part is walk into negative teritory sales proceed is less than cpf widthdrawal + accrued interest then become ownself owe ownself ... ↡ Advertisement Link to post Share on other sites More sharing options...
DACH Supersonic September 8, 2018 Share September 8, 2018 Don't be too happy to use CPF for housing. You need to pay yourself interest for using your own money.Sometimes don't know CPF is your own money or not... Link to post Share on other sites More sharing options...
Wt_know Supersonic September 8, 2018 Share September 8, 2018 (edited) Sometimes don't know CPF is your own money or not...it’s yours la what if $500k MS and can only start draw down at age 93 ... laoma as an example ... lol Edited September 8, 2018 by Wt_know Link to post Share on other sites More sharing options...
Ysc3 Twincharged September 8, 2018 Author Share September 8, 2018 Sometimes don't know CPF is your own money or not... nope ... its your dependent's money. Link to post Share on other sites More sharing options...
Evillusion Supersonic September 8, 2018 Share September 8, 2018 Brothers, i bought a certain product from ntuc yrs back and only matures when i am 63 at a given margin. Now the amount stated has gone beyond that margin and they have stopped investing. Question is, what will be the amount i will get back (returned to my sa) should i decide to sell it now as it will be more than 10 yrs before its maturity. Thank you in advance. Link to post Share on other sites More sharing options...
DACH Supersonic September 8, 2018 Share September 8, 2018 Brothers, i bought a certain product from ntuc yrs back and only matures when i am 63 at a given margin. Now the amount stated has gone beyond that margin and they have stopped investing. Question is, what will be the amount i will get back (returned to my sa) should i decide to sell it now as it will be more than 10 yrs before its maturity. Thank you in advance.Screenshot_20180908-114431.png Wah, high SES Link to post Share on other sites More sharing options...
Evillusion Supersonic September 8, 2018 Share September 8, 2018 Wah, high SESwhere got? High ses will invest 50× of what i invested. This wan is kacang putih.......only peasant plays with $10k......special account somemore.... Link to post Share on other sites More sharing options...
Wt_know Supersonic September 8, 2018 Share September 8, 2018 wah ... feel so lich when receive cpf statement ... Link to post Share on other sites More sharing options...
Evillusion Supersonic September 8, 2018 Share September 8, 2018 (edited) wah ... feel so lich when receive cpf statement ... i feel poor lei....thats why need to sell off.... Edited September 8, 2018 by Eviilusion Link to post Share on other sites More sharing options...
Yoongf 4th Gear September 9, 2018 Share September 9, 2018 Brothers, i bought a certain product from ntuc yrs back and only matures when i am 63 at a given margin. Now the amount stated has gone beyond that margin and they have stopped investing. Question is, what will be the amount i will get back (returned to my sa) should i decide to sell it now as it will be more than 10 yrs before its maturity. Thank you in advance. Screenshot_20180908-114431.pngEvery policy term sheet will hv a table indicating a value known as the “surrender value”. This is what u will get back at the point of sureender. Link to post Share on other sites More sharing options...
Evillusion Supersonic September 9, 2018 Share September 9, 2018 (edited) Every policy term sheet will hv a table indicating a value known as the “surrender value”. This is what u will get back at the point of sureender.maybe get half oni if i sell off when i reach 55.....better than nothing. Retirement sum at 55 but actual retirement at 63......gov sure give a good deal!Actually what i remembered when i was buying was a guaranteed sum of $44k at the age of 63 if i buy $10k. Now the value is 54k+......better call the guy in charge......thanks anyway. Edited September 9, 2018 by Eviilusion Link to post Share on other sites More sharing options...
Wt_know Supersonic September 9, 2018 Share September 9, 2018 what is the return rate? SA gives up to 5% interest right? Link to post Share on other sites More sharing options...
Pocy Hypersonic September 9, 2018 Share September 9, 2018 maybe get half oni if i sell off when i reach 55.....better than nothing. Retirement sum at 55 but actual retirement at 63......gov sure give a good deal! Actually what i remembered when i was buying was a guaranteed sum of $44k at the age of 63 if i buy $10k. Now the value is 54k+......better call the guy in charge......thanks anyway. Profit 54 - 10 = 44k v good leh Link to post Share on other sites More sharing options...
Evillusion Supersonic September 9, 2018 Share September 9, 2018 Profit 54 - 10 = 44k v good leh Link to post Share on other sites More sharing options...
Pocy Hypersonic September 9, 2018 Share September 9, 2018 should have maxed out my SA back then....ð¤£ð¤£ð¤£. not sure....i didnt asked. Was more interested with the return of $44k for a $10k commitment. Now maciam very small sum....ð¢ð¢ð¢...but i also contented...must follow what our PM say. 10k earns $44k ....superb. When did you invest? Link to post Share on other sites More sharing options...
Atonchia Supersonic September 9, 2018 Share September 9, 2018 maybe get half oni if i sell off when i reach 55.....better than nothing. Retirement sum at 55 but actual retirement at 63......gov sure give a good deal! Actually what i remembered when i was buying was a guaranteed sum of $44k at the age of 63 if i buy $10k. Now the value is 54k+......better call the guy in charge......thanks anyway. If the yield of investment is higher than 4% pa + 1%(for 1st 60k in CPF), then make sense to keep it vested. Or else could be better to surrender the plan as already gotten 4x the principal amount. 1 Link to post Share on other sites More sharing options...
Evillusion Supersonic September 9, 2018 Share September 9, 2018 10k earns $44k ....superb. When did you invest?cant actually remember.....2000 or 2002.....bought in through a cousin who introduced the package. Link to post Share on other sites More sharing options...
Evillusion Supersonic September 9, 2018 Share September 9, 2018 If the yield of investment is higher than 4% pa + 1%(for 1st 60k in CPF), then make sense to keep it vested. Or else could be better to surrender the plan as already gotten 4x the principal amount. as bro yoongf oredy mentioned if surrender early maybe kana penalty....have to ask the the current agent handling my folio. If no penalty i will surely dump back into my SA. It grew by $2k as i remembered it was about $54k last december.....maybe through interest as they had stopped any investments for quite sometime if not wrong since the sum was about $45k. ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Eye surgery - cannot drive
Eye surgery - cannot drive
Invest in NIO or XPENG?
Invest in NIO or XPENG?
Cpf oa 2.5% OCBC 3.4%
Cpf oa 2.5% OCBC 3.4%
SRS - what to invest in?
SRS - what to invest in?
Upskirt but in end dunno who more wrong!
Upskirt but in end dunno who more wrong!
Sales pitch for animals
Sales pitch for animals
Can't meet minimum sum? Divorce and buy a second property.
Can't meet minimum sum? Divorce and buy a second property.
Cannot anyhow stick SPF decal liao!
Cannot anyhow stick SPF decal liao!